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.
The worst economic times? So what is your excuse for them when we hit the amendable date coming off the most profitable year ever and they wouldn’t even show up to negotiate with us???
2020–When a few billion in govt cheese was handed out to them, and they had people retiring and on leaves of absence? The whole Covid side show was the great reset. We would still have some -88s flying today if that never happened. It was a great reset for DL. Gave them a chance to do what they wanted to do over the next decade in a matter of months. Look at us now…. Predicting $5B+ profit in 2023. My how the economic tide has turned.
I digress. The point is. This is not retro. They will owe me for Jan 2023 alone more than my 4% number will be for 2020. I also agree on it sucking being non pensionable.