Details on Delta TA
06-10-2015 | 12:07 PM
#7262
Gets Weekends Off
Joined: Dec 2009
Posts: 1,898
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From: Stay THIRSTY, my friends!
Did they not just say that we have to provide access to our medical records if we exceed the 15 day look back? Did they not just say that the lookback is effective upon date of signing? Sounds to me like retroactive. Having not seen the language, I can only assume it will be even worse.
06-10-2015 | 12:08 PM
#7263
Gets Weekends Off
Joined: Feb 2014
Posts: 463
Likes: 0
For the record, repeating publicly that "if we don't take this deal we are iced" damages our cause far worse than releasing survey results that by all accounts asked many times over what this TA proposes.
The behavior of our union leadership is shady, opaque and unprofessional. The information being disseminated is tilted, lacking in accuracy and is only promoting one side of the equation. There may be legal implications to this.
06-10-2015 | 12:08 PM
#7264
Gets Weekends Off
Joined: Feb 2008
Posts: 20,877
Likes: 194
Statement:
5.74% of variable compensation converted to fixed compensation in the form of hourly pay rates, assuming the Company achieves PTIX of $6.0+ billion every year o This impact is reduced if PTIX is less than $6 billion
Please back me up on my napkin math...
Last year I earned a PS bonus at 16.58% on 4.5B
If I turn this into an equation we can find the %rate (x) earned per B$ profit:
2.5X + 2(4.5-2.5)X = 16.58
2.5X + 4X = 16.58
6.5X = 16.58
X = 2.55 %/B$
This is the rate that we earned last year per billion profit @10% return
With this TA we give up (6.0-2.5) = 3.5X = 8.9%
How does Alpa come up with 5.74%?
5.74% of variable compensation converted to fixed compensation in the form of hourly pay rates, assuming the Company achieves PTIX of $6.0+ billion every year o This impact is reduced if PTIX is less than $6 billion
Please back me up on my napkin math...
Last year I earned a PS bonus at 16.58% on 4.5B
If I turn this into an equation we can find the %rate (x) earned per B$ profit:
2.5X + 2(4.5-2.5)X = 16.58
2.5X + 4X = 16.58
6.5X = 16.58
X = 2.55 %/B$
This is the rate that we earned last year per billion profit @10% return
With this TA we give up (6.0-2.5) = 3.5X = 8.9%
How does Alpa come up with 5.74%?
06-10-2015 | 12:09 PM
#7265
Gets Weekends Off
Joined: Apr 2012
Posts: 406
Likes: 0
From: 7ER Costar
06-10-2015 | 12:10 PM
#7266
Gets Weekends Off
Joined: Apr 2008
Posts: 2,206
Likes: 0
From: DAL FO
Looking at the NC slides that I downloaded before they were pulled, this is correct. It is a rolling 365.
06-10-2015 | 12:11 PM
#7267
Gets Weekends Off
Joined: Sep 2008
Posts: 6,971
Likes: 0
From: Kickin’ Back
Denny
06-10-2015 | 12:14 PM
#7268
On Reserve
Joined: May 2015
Posts: 22
Likes: 0
From: number cruncher
For those interested the Strategic Planning committee slides are available on the DALPA website.
Lots of good info in it. If there are questions please post them here, call your reps or email/call a P2P rep.
Thanks.
https://dal.alpa.org/DesktopModules/...d=0&TabId=2593
Lots of good info in it. If there are questions please post them here, call your reps or email/call a P2P rep.
Thanks.
https://dal.alpa.org/DesktopModules/...d=0&TabId=2593
06-10-2015 | 12:16 PM
#7269
Gets Weekends Off
Joined: Sep 2008
Posts: 6,971
Likes: 0
From: Kickin’ Back
Concessions....Dr. Seuss
Would you take concessions here and there?
Would you take them anywhere?
I would not could not here or there.
I would not take them anywhere
Would you could you with Vaseline?
Or with a beer?
Plus Dramamine?
I would not could not with Vaseline.
Nor with a beer.
And Dramamine.
I do not like concessions, Mike, you see.
Go back to the table.
Until then, leave me be.
Would you take concessions here and there?
Would you take them anywhere?
I would not could not here or there.
I would not take them anywhere
Would you could you with Vaseline?
Or with a beer?
Plus Dramamine?
I would not could not with Vaseline.
Nor with a beer.
And Dramamine.
I do not like concessions, Mike, you see.
Go back to the table.
Until then, leave me be.
I don't care who you are! Well Done sir!Denny
06-10-2015 | 12:17 PM
#7270
Gets Weekends Off
Joined: Apr 2008
Posts: 2,206
Likes: 0
From: DAL FO
Statement:
5.74% of variable compensation converted to fixed compensation in the form of hourly pay rates, assuming the Company achieves PTIX of $6.0+ billion every year o This impact is reduced if PTIX is less than $6 billion
Please back me up on my napkin math...
Last year I earned a PS bonus at 16.58% on 4.5B
If I turn this into an equation we can find the %rate (x) earned per B$ profit:
2.5X + 2(4.5-2.5)X = 16.58
2.5X + 4X = 16.58
6.5X = 16.58
X = 2.55 %/B$
This is the rate that we earned last year per billion profit @10% return
With this TA we give up (6.0-2.5) = 3.5X = 8.9%
How does Alpa come up with 5.74%?
5.74% of variable compensation converted to fixed compensation in the form of hourly pay rates, assuming the Company achieves PTIX of $6.0+ billion every year o This impact is reduced if PTIX is less than $6 billion
Please back me up on my napkin math...
Last year I earned a PS bonus at 16.58% on 4.5B
If I turn this into an equation we can find the %rate (x) earned per B$ profit:
2.5X + 2(4.5-2.5)X = 16.58
2.5X + 4X = 16.58
6.5X = 16.58
X = 2.55 %/B$
This is the rate that we earned last year per billion profit @10% return
With this TA we give up (6.0-2.5) = 3.5X = 8.9%
How does Alpa come up with 5.74%?
In addition to what Sailing posted, I think some of the difference you're coming up with might be due to the fact that the new 10% piece (2.5B-6B) is multiplied off of a rate 14ish% higher than the current rates. Other than that someone else will have to correct it. I have heard the reps challenge some of the slides/assumptions. The 5.74% isn't one that has been challenged.
Btw the NC Q&A is finished....
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