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.