|
Originally Posted by JamesBond
(Post 3734063)
"will target" and "similar to" don't explain Jack ****.
|
Originally Posted by TED74
(Post 3734044)
As you alluded to, the final deal that became our TA was of course passed across the desk and we signed it. By definition, that’s how a final exchange always ends up. But the “promised 4th pillar” the minority is angry about references the initial broad structure of negotiations priorities from pre-covid. And if I’m being honest, they hit a solid triple when it comes to my retirement pillar, having made my employer contributions industry-leading and ultimately provided a tax advantaged avenue for additional retirement dollars beyond anything I’ve ever had. I sure don’t see any broken promises myself, and I’m glad the scary lady made the company cough up hundreds of millions more than they had in the days and weeks leading up to our eventual agreement. Judging by the ratification vote, the masses seem to agree.
|
Originally Posted by notEnuf
(Post 3734073)
Let's not forget it was a take it or leave it deal written entirely by the company with regards to open sections. Let's also not forget it was an ultimatum given by the government and further negotiations were not allowed. The deal is done and we move on but history is a lesson. This is not how it had been done prior, whether that's a good or bad thing is for each to judge but it was just as much an arbitrated settlement as it was negotiated.
filler |
Originally Posted by notEnuf
(Post 3734073)
This is not how it had been done prior, whether that's a good or bad thing is for each to judge but it was just as much an arbitrated settlement as it was negotiated.
Many pilots probably read the landscape and decided it wasn’t going to get any better. The MEC probably did the same thing, and reading the mediator decided as they did. I haven’t met anyone who thinks it’s perfect. I talk to very few who aren’t generally pleased with the agreement overall. |
Originally Posted by First Break
(Post 3734077)
Source?
filler I will admit the Blackrock conspiracy theory was a new one for me, though. |
Originally Posted by JamesBond
(Post 3734063)
"will target" and "similar to" don't explain Jack ****.
You asked a question. Two, actually:
Originally Posted by JamesBond
(Post 3732393)
Originally Posted by Tummy
(Post 3731562)
I'm sure you know this, but the MBCBP isn't a 60/40 allocation. It's a 40/60 allocation.
I directly answered the first question. That answer alluded to the answer to the second question, though evidently not to your satisfaction. |
Originally Posted by Nick Bradshaw
(Post 3733917)
I put these two quotes together so that maybe you'll understand. The 4th pillar was min balance for those of us who got our pensions stolen, not a 2% DC boost for junior who has lots of time to save.
[MOD EDIT] |
Originally Posted by TED74
(Post 3734083)
Almost 8 out of 10 voted to ratify the agreement (78%), with nearly full participation (96%). If that’s the kind of agreement arbitration yields, perhaps we shouldn’t fear it so much?
arbitration is something else, all together. |
Originally Posted by Hossharris
(Post 3734130)
Mediation.
arbitration is something else, all together. |
Originally Posted by OOfff
(Post 3733920)
I thought the 4th pillar was “retirement improvements,” not any specific policy
Originally Posted by Nick Bradshaw
(Post 3733922)
So did 9/16 of the MEC, apparently. That lady sure was scary!
Doesn't matter what we were promised. But I guess thats water under the bridge now. We'll just take it through Congressional action. Retirement discussion starts at 3:36 in the video....please let me know when they say "Min Balance" https://www.youtube.com/watch?v=-PqM0vQpkY0 |
| All times are GMT -8. The time now is 06:46 AM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands