Originally Posted by
correcting
The numbers are fixed until 2013. Then, in the absence of a new contract, the numbers are adjusted up by cost-of-living each year starting in 2013.
OUCH! Fixed rates for 6 years. That really sucks. I see why NetJets management is offering this to you. They want your pay frozen for 6 years while all the majors take big pay increases. I knew there was some catch to this proposal.
How about just a 3% pay raise each year to offset inflation. If your rates are fixed for 6 years, you are taking about a 3% pay cut each year, or about 20% over the life of the proposal. Sounds pretty bad to me!!