Originally Posted by tennisguru

Except depending on how you look at it we actually are getting retro. Retro on a 4% raise in 2020, 0% in 2021 (you know, during the worst economic environment in aviation history), then a 9.6% raise in 2022 (compounded takes it to 14%), then 3.5% in 2023 takes it to 18%. Gee, that sure looks like compounding retro to me.

Now is it the same as if we’d signed a deal in 2020 for 8/5/4, well no of course not. The biggest gripe I have about the “one time payment” is that it’s not pensionable (so many will argue it’s not “true” retro. In my situation that’d be another ~7k in my 401k. A bummer yes but not something I’d torpedo the whole contract for. Also, I’ll be making up a decent amount of that shortfall since the payment will count towards profit sharing for the year, so potentially another 10%+ on the money plus next year we’ll get 17% DC on profit sharing.