What Sluggo said...

I think they just ran out of zeros.

The real question is why are they using 1000 hours. The target for the bid packs is supposed to be 90 hrs in a 5 week month and 72 in a four week month which is 936 hours a year.

So by using 1000 hours a year you have to work 10 extra days at straight pay to meet the NC's numbers.

If I choose to work extra I expect it to be at time and a half.

The devil is in the details.

I voted no the minute voting opened.

^^^This.

Then it was hard to believe how the B-plan increase has been presented as 28%. Come on! Really? They should've rounded up to 29%!

These numbers, and what TonyC pointed to in the opening post, should make you dig deeper into the TA, instead of taking the Roadshows, videos, slideshows, etc... as gospel. IMO.

Also, thank you for your section by section analysis on Jetflyers Chuck Turpen!

Maybe the "tool box" doesn't get re-routed and extended like everybody else?

Personally, I think the 1,000 hour estimate is as good of an example number as 936 is ...

And ... we got a .10/hr per diem increase. 10 cents x 1,000 hours equals $99! Just ask TonyC!

I asked this EXACT question at one of the Q&A meetings recently: does the 1% bumps(s) make up for the value I'm losing due to no change in the A plan value. Did they run an analysis for any seat, and carry it out 6 years (I know, more like 8 to 10) and compare rough numbers and/or value(s). They answered yes. I'm skeptical, but I have yet to run my rough numbers. I'll let you know when I do.

Hmmm....

I'd love to see that analysis, with ALL the specific assumptions

Current years of service, current seat, assumed upgrade time, age, deflator on fixed A fund value, assumed rate of return on B fund contributions, age at retirement, assumed life expectancy etc

And the sensitivity analysis associated with those assumptions

I believe UPS DB plan is 1% x 30 yrs (max) x High 5 FAE

What's their cap on High 5?

I'm pretty sure it yields less than our current DB max of $130K -- 50% of $260K

However, they have a much higher B plan (Defined Contribution)

UPS - 12% vs Fedex - 7%

Where's our "end game " B fund goal as the $260K cap causes our A fund to deflate over the long haul??

My guess is the two 1% B fund bumps were more of a "band aide" fix for appeasement, and the overall, long term, equivalent solution is kicked down the road a few years

Please show us the math

Excellent point, and now that you mention it ...

The Minimum Bid Period Guarantees in §4.A.1. (68 in 4-week bid period, 85 in 5, 102 in 6) all average to 17CH per week. A 52-week year, then, has a minimum guarantee of 884 Credit Hours. That requires 20 extra days of work to reach 1,000 Credit Hours. We're gonna need another month!






.

So every time our BLG is above the minimum you classify that as flying extra? When was the last time BLGs were at minimums? I guess we have all been flying a whole lot of extra this last year. 17CH per week is just short of three days of flying. Your expectation is we should fly an average of three days on each week and have four off? And if we don't we're flying "extra"? Work an average of 12 days each month and have 19 off, or we are "working extra". I want to be on the airplane you are on. I was working more than that under 4a2b.

Legit question. Prior to 4a2b BLG's of 68/85 were the norm, per the CBA. But I've only been here 19 yrs. Are we buying that inflated BLG's due to understaffing will stay that way for the next 8 yrs?