Originally Posted by gloopy

The idea to give back 100M and put 1.0B into pay only with no other changes saves the company 100M and you said would equate to about 3 annual 6% bumps in rate raises…with no other changes whatsoever.

That's a little over 19% in 3 years, as opposed to POS15's 21%. However we didn't have to trade 6% PS to get that. If the company is even close to being as profitabe as forecast, or if we then do the 6% PS transfer to pay, we're looking at over 21% all the way to 26% pay rate bumps in 3 years…with zero concessions.

And it saves the company 100M.

#zoneofreasonableness