Originally Posted by
gzsg
It will cost us between 4% and 6%. The ALPA attorneys in the failed TA miscalculated this by a mile.
Ask your reps.
This is insane.
Why are we making concessions?
Why are we making concessions in return for nothing but empty promises.
Repeat of the failed TA.
This clause as a .75% pay hit in the rejected TA. The pensionable portion of PS is 3-4% depending on the projected payout this year. IE the Pensionable portion of PS is 4X more costly. Its a non starter unless its converted to straight DC to get us to 19.5-20% total DC on our wages.
The definition is to align the definition with the GAPP definition.
There are ways to get what we want. a max escalator per year of 1-2% with a max cap. The bonus go down, thats the new limit and then they can only grow it 1-2% a year.
Keep your eye on the ball. One is much more costly than the other.