Originally Posted by
Scoop
Jim,
I also like what you are doing with the P2P but your above statement is incorrect -
you are off by a year. If the TA had passed our 2016 PS would all be under the 6.0B 20% trigger. Yes, the check actually comes in 2017 but the 6% 2016 pay-rate increase would effectively be totally cancelled by the PS reduction.
Thanks for your efforts and keep up the great work on the P2P!
Scoop
Scoop,
I will recheck, (as IF it matters), but I am almost certain, that the PS changes would not have gone into effect until the 2017 calculations for a 2018 payout; hence 2016 "pay" would have been the same.
In any case, that SHIP has sailed, and there really is no benefit in the debate about that rejected TA.