Originally Posted by
Patches
Went to a recent Focus meeting on the retirement plan.
The Union is definitely looking for any angle to pitch this thing so that they can proceed. Pushing the question of researching the VB plan option as a positive response to proceed to negotiations. Respondents beware.
Social media deemed to be very small percentage, and a negligible input for consideration moving forward. Yep - they are blowing us off as a vocal minority.
At the meeting, commenters were vocal that they were happy with the current plan and there MUST be current floor guarantees before anyone would consider an upside plan. The briefer was clear that he personally was unhappy with losing 3% a year and wants some type of improvement (I guess this 3% loss is the A plan portion of our awesome retirement).
Shocking to me......there is nothing firm to discuss other than a "wish list" that will still need to be negotiated. I heard the comment: "the company may not agree to that" several times. This entire process blows whale ^@$*s.
I believe the company wants this bad.....real bad, and has the Union bending over backwards to get us into negotiations. Once there....we will get bent over and serviced for a 57% vote again.
Praying the crew force rises up and smashes this thing hard and pre-negoations. I've made my opinion loud and clear....but got the sense my input is unimportant.
I don't even know where to start here.
1st-the 3% loss is the, currently, rounded up inflationary loss to the value of our 130k pension each year. (Last published Inflation Value was 2.8%, so, IMO 3% is still a reasonable talking point...but for the Internet Pedantics, not accurate)
If the Company Wanted this BAD...then negotiations would be ongoing and expedited. If a COMPANY wants something to happen quickly, it happens quickly.
It is Shocking to Me, that the idea of Negotiations...well, as you put it, "Shocking to me......there is nothing firm to discuss other than a "wish list" that will still need to be negotiated."
Color me shocked, items to be negotiated, have to be
negotiated.
As PM has said, still to be negotiated, but model indicative of a fair outcome.
Guess we could've started with a guaranteed floor of 10% versus the model.
Oh wait, that Still would've been a badness thing because it wouldn't be Firm and still subject to Negotiation.