18/5/5/5
11-23-2022 | 08:21 AM
#392
Gets Weekends Off
Joined: Jul 2008
Posts: 5,578
Likes: 319
Yes, this will be the majority take here. Don’t make the mistake that this board is reflective of the rank and file. It’s not.
Full retro could happen to 2020, but it would be panned here as not enough. For instance, 2%, 5%, 9%, 5%, 5%. Total compounded 28.7%.
I will predict zero retro for 2020,2021. Then 8% retro to Jan 1 2022. 18% effective Jan 1 2023, then 5% for 2024, 5% 2025. Total compounded 40.5%. Hmm, pretty good relative to the full retro case above don’t you think?
Full retro is weak hill to choose to die on. The concept is meaningless because its definition is fluid and changes from pilot to pilot. Total value is all that matters.
Full retro could happen to 2020, but it would be panned here as not enough. For instance, 2%, 5%, 9%, 5%, 5%. Total compounded 28.7%.
I will predict zero retro for 2020,2021. Then 8% retro to Jan 1 2022. 18% effective Jan 1 2023, then 5% for 2024, 5% 2025. Total compounded 40.5%. Hmm, pretty good relative to the full retro case above don’t you think?
Full retro is weak hill to choose to die on. The concept is meaningless because its definition is fluid and changes from pilot to pilot. Total value is all that matters.
11-23-2022 | 08:21 AM
#393
Line Holder
Joined: Feb 2014
Posts: 211
Likes: 1
I personally want to be made whole for lost wages. Whatever accounting trick they do, I don’t care. Full retro back to 2020 could end up being a small percentage of each years wages. Or, 18% of this years wages. For me personally the 18 percent of 2022s wages would end up being pretty damn high. When I do the inflation math on my lost wages to the official cpi, I’m due 50-60k approx. So call it whatever they want, make us whole. Company is still held liable via their wallet and at the end of the day that’s all that matters. Just my 2 cents. Flame suit on.
I hope you don't retire in 2027, 2-3 years post amenable date, while everyone remaining is hoping for a big bump in 2028 in lieu of fair retro to the amenable date.
11-23-2022 | 08:52 AM
#396
Gets Weekends Off
Joined: Dec 2013
Posts: 2,569
Likes: 68
11-23-2022 | 09:18 AM
#398
Gets Weekends Off
Joined: Apr 2016
Posts: 3,994
Likes: 198
From: Looking left
My guess is we get the retro, but the company needs to save face with the BOD / shareholders / other non union work groups and make it look like we aren't getting this huge "raise" when Uncle Sugar was paying the wages.
The 18 months of PSP will be called something else...bonus, one time pay adjustment...something other than "retro"....that way Ed can stand up on TV and say something along the lines of "we only paid retro back to COVID recovery"
Whatever it's called, every pilot that worked even one day since the amenable date needs to be paid for their work!
The 18 months of PSP will be called something else...bonus, one time pay adjustment...something other than "retro"....that way Ed can stand up on TV and say something along the lines of "we only paid retro back to COVID recovery"
Whatever it's called, every pilot that worked even one day since the amenable date needs to be paid for their work!
11-23-2022 | 09:27 AM
#399
Gets Weekends Off
Joined: May 2012
Posts: 194
Likes: 0
