Originally Posted by
TED74
Discussing ill defined hypotheticals won’t answer any questions, I don’t think. But if you propose a formula, a solution and a rough percentage-of-total-contract expense estimate, I’ll happily give you my thoughts.
So here is my quick proposal. 2% COLA yearly as a plus up on PBGC/frozen NW DC plans. Assume avg monthly payout is 4K a month....that's roughly 50k a year. So the increased cost would be about 1/4 to 1/2 % for the 11k pilots
So ....
pretty modest "ask"....certainly not a bank buster, it is achievable and way way less than what was being touted before. The previous ask was so outlandish IMO....management laughed and the issue became so divisive that the pilot group went even try to understand the situation. To them it is a money grab, when quite possibly there may be some merit to the issue.
Normally I would say let the union work it out, unfortunately last time their ask "poisoned the well" due to it's extremis,,,,,,,and so, here we are