Originally Posted by
RyeMex
Retirement is almost exactly what the company wanted. 60% match on contributions up to 10% of gross pay. Which represents a whopping increase of 1% more going into our retirement.
That match increases to 65%, 70%, 75%, and 80% over the longevity of the CBA.
Ok... So you did get 3% extra on retirement. That's well short of what you deserve but also more than I figured he'd give you. Given the circumstances - an arbitrated contract - that's a small victory.
The problem with that is gonna be the match. You'll have Captains that max out their annual contributions and will have to pay taxes on the money twice to get the match. Once when they put the money in and once when they take it out. It really needs to be a DC.