Originally Posted by
Mooner
Yes, this will be the majority take here. Don’t make the mistake that this board is reflective of the rank and file. It’s not.
Full retro could happen to 2020, but it would be panned here as not enough. For instance, 2%, 5%, 9%, 5%, 5%. Total compounded 28.7%.
I will predict zero retro for 2020,2021. Then 8% retro to Jan 1 2022. 18% effective Jan 1 2023, then 5% for 2024, 5% 2025. Total compounded 40.5%. Hmm, pretty good relative to the full retro case above don’t you think?
Full retro is weak hill to choose to die on. The concept is meaningless because its definition is fluid and changes from pilot to pilot. Total value is all that matters.
I get what you’re saying that the cash might be better without full retro, however we must “die on that hill” because of the precedent we would set for future negotiations.
The company cannot have any incentive to drag their feet on future contracts.
The amount of gains I would need to give up on that is very high (perpetual _% raises comes to mind), and even then I would have to think very hard about a no vote.
edit:
and I do understand that Covid was a big black swan event, and the company will claim hardship. We as a group can’t let that be an excuse for them not negotiating in 2019.
Black swans seem to fly by about every “0” year. 2020 Covid, 2010 housing crisis, 2001 911,
1990 Iraq,
1980 deregulation , 1970 oil crisis, …