Originally Posted by
JamesBond
The first three are not what I or many others consider real 'retro'. They do not compound into subsequent raises, nor are they pensionable. They are 'bonuses' for lack of a better word on 2019 rates. The first retro pay increase is the 18% this year and subsequent. On the 4,4,14, the company is getting a pass for dragging their feet on this contract.
One note about the “one time payment” covering 2020-2022 - that payment will count as 2023 earnings towards the profit sharing payout in Feb 2024. So eventually we’ll get another 8-12% (rough guess) of that next year, plus 17% DC on the PS amount.