Retro Pay/Signing Bonus...How much is enough?
08-23-2015, 07:29 AM
#1
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Retro Pay/Signing Bonus...How much is enough?
Retro Pay .... How much is enough?
Last 3% raise was March 2012
For conversations sake let's call it 3 years without a COLA (March 2013-March 2016)
Lost earnings due to COLA
________________(3%)_____(6%)_____(9%)
Annual Earnings ....Year 1 ......Year 2 .....Year 3.........Total
$150,000..............$4,500......$9,000.....$13,5 00......$27,000
$200,000..............$6,000......$12,000...$18,00 0.......$36,000
$250,000..............$7,500......$15,000...$22,50 0.......$45,000
$300,000..............$9,000......$18,000...$27,00 0.......$54,000
This is just for COLA of 3%
Also .... This is simple interest ... Not compounded, etc., etc., etc.
Last 3% raise was March 2012
For conversations sake let's call it 3 years without a COLA (March 2013-March 2016)
Lost earnings due to COLA
________________(3%)_____(6%)_____(9%)
Annual Earnings ....Year 1 ......Year 2 .....Year 3.........Total
$150,000..............$4,500......$9,000.....$13,5 00......$27,000
$200,000..............$6,000......$12,000...$18,00 0.......$36,000
$250,000..............$7,500......$15,000...$22,50 0.......$45,000
$300,000..............$9,000......$18,000...$27,00 0.......$54,000
This is just for COLA of 3%
Also .... This is simple interest ... Not compounded, etc., etc., etc.
08-23-2015, 07:29 AM
#2
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Why are company's never in a hurry to negotiate?
If average pilot earnings are .... With 4,200 active pilots ....
Average Pilot Earnings......Savings on Compensation for 3 year delay
$200,000.........................$151,000,000
$250,000.........................$189,000,000
I know my numbers aren't exact .... Just rough estimates ...
Blast away
If average pilot earnings are .... With 4,200 active pilots ....
Average Pilot Earnings......Savings on Compensation for 3 year delay
$200,000.........................$151,000,000
$250,000.........................$189,000,000
I know my numbers aren't exact .... Just rough estimates ...
Blast away
08-23-2015, 08:45 AM
#5
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Position: 767 Capt
Posts: 130
Enough already
Originally Posted by repoman
How did a rumor start on the Delta TA forum that we got 18% 1st year and 3% for 5 years with A and B fund increases....also a 50K signing bonus?
08-23-2015, 09:47 AM
#6
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Originally Posted by repoman
How did a rumor start on the Delta TA forum that we got 18% 1st year and 3% for 5 years with A and B fund increases....also a 50K signing bonus?
08-23-2015, 10:32 AM
#8
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Originally Posted by TonyC
There are 2 parties at the table.
Only one has rules about secrecy.
.
Only one has rules about secrecy.
.
08-23-2015, 10:57 AM
#9
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Posts: 711
It all is speculation until the crew bus driver gives us the scoop.
But, if first year is 9-11%, I don't need to read any further--NO!
I don't want a 6 year "interim" contract rate. We're already at our third year so "missing" two 3% raises and then getting another 3-4% essentially on signing is not remotely close to acceptable. Delta's TA that was voted down was better than these numbers. We deserve industry leading, and not just for 6 months until we are leapfrogged.
If these low ball rumors are true, I hope the MEC does their job and sends it back to the negotiators. I'm not afraid of the what-if when that happens. Leverage is great right now, and peak would be beyond ugly for the company.
But, if first year is 9-11%, I don't need to read any further--NO!
I don't want a 6 year "interim" contract rate. We're already at our third year so "missing" two 3% raises and then getting another 3-4% essentially on signing is not remotely close to acceptable. Delta's TA that was voted down was better than these numbers. We deserve industry leading, and not just for 6 months until we are leapfrogged.
If these low ball rumors are true, I hope the MEC does their job and sends it back to the negotiators. I'm not afraid of the what-if when that happens. Leverage is great right now, and peak would be beyond ugly for the company.
08-23-2015, 11:08 AM
#10
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Posts: 62
Quote:
Originally Posted by repoman View Post
How did a rumor start on the Delta TA forum that we got 18% 1st year and 3% for 5 years with A and B fund increases....also a 50K signing bonus?
No way 5 reps would have voted No if this ridiculous Delta TA forum rumor was correct.
Originally Posted by repoman View Post
How did a rumor start on the Delta TA forum that we got 18% 1st year and 3% for 5 years with A and B fund increases....also a 50K signing bonus?
No way 5 reps would have voted No if this ridiculous Delta TA forum rumor was correct.
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