Here’s that latest rumor:

2 year contact
5% DOS
Retro to from DOS 31 Dec 2021 (5%)
5% after a year
5% on year two (15% total, below inflation)

Some reserve work rule improvements to disincentivize SC/FSB and global rolling to RDO/FDO

Big carve out for TK and LCAs.

No other significant changes.