Originally Posted by
Tenacvols
2% on 1.3 billion is about 26 million dollars that we as a pilot group are giving up. Personally, it's only about $2,300 for me. One of my lines in the sand was full retro. Now "full" retro is just about impossible to categorize as it means different things to different individuals. However, I think the majority would agree that full retro includes work performed at the new pay rates, and NEC match on that worked performed. I'm not a smart individual, but it seems to me if the new NEC is 17% then the Retro should have a 17% NEC match. Heck, it should include another 1% into the MBCBP as well.
There are a lot of things in the new contract I'm happy with. I can overlook the pay rates because with our rigs we come out ahead of our peers in the LNB category when you compare min guarantee to min guarantee. I can also overlook the lack of monetary penalties in the implementation plan for the company not meeting it's deadlines.
Side note, I found it interesting that in the implementation plan if the company does not meet the payout of Retro on 20 Feb they then have to pay a 17% NEC match vice a 15% NEC match on the retro payment. Do you think they are going to miss that deadline? Just imagine if there was more language like that in the implementation plan.
However, I can most definitely send it back because of not getting "full" retro when a portion of that retro is easily definable. I can't in good conscience reward the company for dragging this negotiation out. I have no idea how much longer it would take to get TA2. However, I know I'm willing to wait as long as it takes. The more we go down the RLA pathway, the more leverage we weld. That being said, this TA will pass with at least 70% voting yes and I'll be ok with that. Each individual has to make an informed decision on what's best for them and their family and I will not fault them for that. We are empty nesters and my retirement plus half of monthly guarantee covers our bills easily so I can wait as long as needed without any financial pressure on the family side of the house...
Reason there’s not 17% on the RB is because the RB is for work completed in the past…when NEC was 15%. We’re capturing NEC on all RB periods whereas UAL and AA only got NEC on 2023.
I thought they should have made it so the 17% is effective the 1st full month post ratification (or Feb). They’d have to pay it in arrears as Schwab needs more than 8-10 days heads up but I’m fine with that. Waiting til March is lame….but it’s not my line in the sand….simply an annoyance.