Necigrad,
As i said, all holidays worked is paid at straight time rates. There is no double time nor is there any 2.5 time at amr, but if you want to lump in holiday pay along with rate of pay for working hours and call that double time, then nothing is stopping you.
Nothing in my comparison is opinion nor can it be refuted. The facts are that the company is putting 5% into the retirement and 3% into pt. If you want to look at it as the base contribution, then fine but it is still currently 5% and 3%.
regards,
Regarding the holiday pay and if it's straight or double time, let me ask you a question. If you work a holiday (and assuming eight hours for the example) do you get 8 hours of pay for the day or 16? Put another way, if you work a full 40 hour week M-F including a holiday, do you get paid 40 or 48? I guess that extra hours is just #### out by the free pay fairy or something, maybe an accounting error perhaps?
On the pension being 5% I challenge you to provide the math. You will be completly and totally unable to provide this. Why? Because it's mathimatically impossible to take multiple variables (the pay you get, vs the pay Mr. 8 year gets vs the pay pay the new hire gets) and have it equal out to a nonvariable. YOU may have 5% of your pay (it's actually 5.1%) but it's FAR less for 40% of the workforce which are not topped out. Unless of course the world resolves only arund those who are topped out.
I am not critisizing the fact that you made a comparison. I'm also not critisizing anything that I saw that was wrong. There are, however, several errors, are at the least misrepresentations, that you made that should not be unchallenged. What the results are I don't care, I try not to be biased. I do, howeer, care deeply that the facts are CORRECT. If there is no way to fully do that incorrect answers are acceptable as long as you explain the deficiencies.
I am going to disagree with my own interpretation it is straight time. As I understand holiday pay, and it never really made much sense to me, if one worked a holiday, then they were paid 1 1/2x their daily pay, but if one did not work that scheduled day (dropped, VTO, etc.), that person gets 1/2x their daily pay. So in a sense it is straight time, because if one works or doesn't work, the person still gets an 1/2 extra daily pay. I would humor myself and think if all my scheduled work days were holidays, and I never worked, I would still get half my annual pay!
Dunno where this 1 1/2 number keeps coming from; that's OT not holiday. Look at a holiday paystub. You get 8 hours if you're FT and however many hours you're regularly scheduled to work if you're full time, likely four or five. Every single FT FSA and FSL paycheck will have 8 hours added in for holiday pay whenever thre is a holiday in the pay week. In addition to that, if you work on the holiday you get paid straight time for your work as well. Everyone get's paid 8 hours for the holiday, and if you work that is additional pay for the day.
Now, if someone wanted to make an argument that the actual pay rate for the day is straight time, I would be fine with that as long as it was stipulated that all employees recieve holiday pay. Here's why it makes a difference. Let's say that AA (dunno what's correct though) gets double time for hours worked on a holiday. That's it. Person A works at AA and Person B works at US. They both work 0500-1530 for a 40 hours week, including one day on a holiday. Person A gets paid for 48 hours. Person B gets paid for 48 hours. If US paid straight time for the holidays Person A would still get 48 hours of pay, but person B would only get 40. On the flip side, if AA only gets holiday pay for holidays worked (say same shifts and people, but it's Christmas which is on Saturday) then Person A gets only 40 hurs fo pay and Person B gets 48. It's a big difference. Again, keep in mind that the example applies to FT only, PT numbers will vary.
