Thanks to the Enron debacle, and the subsequent changes to federal securities laws, most notably the Sarbanes-Oxley Act of 2002, we will never see retro pay ... it's that simple.

Retroactive Pay, or pay rate increases retroactive to some point in the past, would require The Company to go back and re-accomplish corporate tax documents for those years where the pay adjustments are made.

There's nothing legally preventing them from paying the money equal to what retroactive pay would have been, or from contributing to retirement funds and other compensation as if the pay rates had been retroactive, but they will not consider it compensation credited to a previous year.

It will probably be left to the Association to determine how best to divide whatever sum is agreed upon to substitute for retroactive pay. It's up to US (our Block Reps, our Negotiating Committee, and we voters) to determine how big that sum is, and how it is to be fairly distributed. As for distribution, I believe that the closer we can get to what Retroactive Pay would have been, the better. As for the amount, I believe we should accept no less than what Retro Pay would have been. Considering that we'll be hit harder by the tax man, and we've not enjoyed the time value of the money, the amount should be much larger.


But in the end, I don't care what it's called, as long as it's cash or money.






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