Originally Posted by sailingfun

If you assumed very modest pay raises based on passed contracts like 8,4,4 we got about 30 cents on the dollar. If you use the unions opening numbers about 10 cents on the dollar. Do you not remember hundreds of posts that we would never, ever, ever, never sign a contract without 100% full retro! When I posted that if the contract was more than a year late we would never see full retro it was reiterated that we would never, ever, ever, never sign a contract without full retro! Hell we even wrote it into the union bylaws.
What we accepted was a small percentage of what was due in the form of a signing bonus without any compounding on future rates.
The 8,4,4 number which the forums also said was totally unacceptable would have paid you 8% year one, 12.3% year two and almost 17% year 3. Using what I felt was reasonable and posted at 12, 4, 4, which again the forum said was a complete surrender you would have received 12%, 16.5%, 21%.
On top of all that we got nothing into the DC plan as retro should have paid so you lost 16% on your non retro retro check.
Let’s not spin what we got as anything beyond what it was. A one time signing bonus.