Originally Posted by
disenchantMINT
Not sure what you're trying to say in the edit, but:
It was a de facto increase of 2%. De minimis.
3+5+5. Anyone not contributing 5% to get the match was leaving money on the table. So, the company's contribution went from 13 to 15. Definitely an improvement, but not one to boost contrails' argument that we are now swimming in cash.
Why are you giving the company credit for our 5%?
Correct me if I'm wrong....
Pre-CBA
Pilot contribution was 5% (to get the match).
Pilot TOTAL =
5%
Company match of 5% + RetirementPlus of 3%
Company TOTAL =
8%
GRAND TOTAL= 13%
If as a pilot you contributed 0% the company would only contribute 3%.
__________________________________________________ _______
Today we get a direct contribution of 15%. So, if you reduce your contribution to 0, the company now has to put in an additional 7% (8% in 2021), not 2% as you would like to believe.
Regardless of how much you contribute, your compensation package increased 7-8% just as a result of the direct contribution.