I'm glad this came up. I've been trying to figure this out for a while now.
Originally Posted by
bored
...what you see in the LOA include the snap back provisions.
OK, but there aren't any DOS+2 numbers in the Restructuring Agreement, other than in the Wage Recovery Grid (pg. A.121). Since DOS+1 is defined as being December 1st, 2007, we're definitely into DOS+2 on 12/1/08.
Originally Posted by
bored
I could be wrong and if I am then you'd take the DOS +2 numbers and add the snap back provision for the current fleet size... something like that.
I'm lost. By DOS+2, do you mean the numbers for DOS+2 in Section 3 of the contract (from 2004)? If that's the case: I'll be in my 14th month at Mesaba on December 1st (FO), so I'm looking at $28.79 in the 2004 DOS+2 numbers, plus 3.5% from the snapback for fleet size? Huh? That doesn't make sense since the whole purpose of the snapback is to get back to where we were before, which should be the 2004 numbers. I guess I'm asking where your getting the DOS+2 numbers, if we had to add the 3.5% ourselves (since there aren't any in the LOA#23).
Aww...whatever. At a FO pay rate, the difference is hardly enough to buy dinner for two once a month. I guess I'll find out what riches lie in store for me when I get my first paystub in 2009.
