Originally Posted by
WHACKMASTER
"Full retro" to me means taking this new contract (assuming it passes) and applying it as if it started on the amenable date of August 2012. THAT'S full retro. Not this 3/4/4% compounded and applied to what we made in 2013/2014/2015 respectively. The two numbers are drastically different and the agreed upon method of calculating retro does in fact reward the company for dragging out negotiations for four years, something "full retro" is supposed to punish them for (or at least make it cost neutral for them).
As to whether the former AT pilots get retro for the time they spent on that side of the partition, that's still being debated by the powers that be. I'm confident that they can't possibly be that stupid to try and slip a carve-out like that in there. Talk about royally pi$$ing off and insulting (once again) 1700 of your 8400 voting population.
So you're saying we should have been paid an additional 15% back in 2012? The market didn't even support that. The industry standard didn't support that either. Retro should be based on fair market value each year. You can't say that based on today's environment and the money we receive today should apply to a time 4 years ago when the market and industry were entirely different.