Kronan - I dont think anyone is saying that the union shouldn’t spend money investigating ways to improve our total retirement... but two problems with the way they are going about it:
A. The deeper they have gone into the pockets, the more ownership they’ll have in the plan and less likely they will be able to call it a turd, if it is a turd. No knock on anyone in the process; that’s human nature.
2) Why haven’t they explored any other possibilities? At a focus mtg, I asked PM if they looked into any other options, modeled any other total retirement increases, and he said no... when asked why, the answer was simply, “we just haven’t”.
d - If it’s such a great deal for the company, why aren’t we asking for the moon? Why outside of section 6 negotiations, where we could ask for other contract fixes in exchange? Unless maybe it’s to get guys with three to five years left something on top of their already fully vested A plan...