Originally Posted by
Busboy
Why all the whining? Everybody wanted a better retirement plan, right?
Well, this is the way we negotiate better retirement benefits these days. If pilots can be driven to use less of their sick leave...Their SLB will be that much bigger(well, 50% bigger) at retirement. Voila! A better retirement plan.
The best return anyone could ever get on the SLB was 50% of the sick bank, and the formula insures that percentage goes down in future years. You know what's better than 50%? 51% - 100%, which is what many pilots will attempt to do through sick bank usage. This process, AGREED TO BY OUR GRIEVANCE COMMITTEE, not negotiated and ratified by the membership, amounts to an assault on the pilot's ability to use his sick bank.
It keeps getting better and better.
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