Thread: TA Failure
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Old 07-05-2023 | 06:45 AM
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TomAce
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Default TA Failure

Whether this passes or fails, this TA is a total failure. I feel like a fool for believing the NC during negotiations that we were going to fight for a great contract. Greatness is obviousness. It doesn’t need to be sold.

There’s never been a better time to be a pilot, and this TA does not represent our market value. It places way too much emphasis on deferred compensation far into the future. Zero actual QOL improvements, only concessions that will require pilots to work more. I won’t even mention scope. Retirement, which we sold out for, isn’t even great. The MBCBP option has a lot of unanswered questions, a low target rate, and no cash over cap. It’s also only a DB plan by name, as only contributions are guaranteed. Might as well be a savings account if that’s the case. And new hires won’t have the option for a true pension. And lastly, pay rates are embarrassing. We will be outclassed by the majors who have profit sharing in addition to higher pay rates.

Please don’t vote out of fear. The company is returning $3.3 billion to shareholders this year alone. They have the money. And if they were expecting a terrible recession they wouldn’t declare that much to shareholders.

Know your worth. If you’re not retiring in the next couple years, this TA should be an obvious no.
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