Originally Posted by
Zard
If I quit before a contract, do I forfeit retro?
Originally Posted by
PNWFlyer
depends on if it is retro or not. Very. few understand what retro is. If you get retro, yes you get a check if you quit, retire, die or get abducted by aliens. If you get what Delta and Alaska got you get nothing because it is called a one time payment.
Originally Posted by
Flownit
this is factually inaccurate. Your understanding doesn’t match reality. It’s all there to read in a public, bullet point document.
So educate me. IMO:
Retro Payment: A payment that makes us whole for the lower income we had between the amendable date and DOS. Should also go to those that left after the amendable date, but before DOS (prorated for time). This payment also serves as a reminder to the company that dragging their heels in future negotiations really doesn't save them anything.
Signing bonus/One Time Payment: Small bribe to accept a new contract long after the amendable date, saving the company lots of money, gets the retirees nothing, and makes sure the next time the contract becomes amendable we know it will be another few years before we get anything.
Correct me if I am wrong.
Real question: Why doesn't every union push for at least COLA after the amendable date? Is there a reason? Honestly don't know, but has baffled me since I started flying in the US 2 decades ago.