As usual cherry picking for the company I see.You leave out the fact that the company changed the window where night shift pay would apply, under their new formula they could change the start times and have 24 hour coverage and not pay anyone the premium. Retiree medical. They could have guys working at midnight only getting 1 cent an hour shift differential and guys starting work before 5 am not getting any differential. Rapid recovery? No, there was a provision where if someone was out of work for a single illness 45 days or more they would reinstate the sick bank that time lost upon retirement. At our peers with rapid re-accrual they could use it as sick time as well and it didn't have to be at least 45 days. Its rare that someone is out that long for a single illness. Odds are if they are out that long they will not live to collect retiree medical anyway. And that was only from 5/5/2010 going forward, anyone who had a catastrophic illness or injury prior to then was screwed. As far as the Bridge, at 49 it would cost you all the funds you had in the prefunding plan for 840 credits. At 240 credits per year it would have cost me $14,000 for 3.5 years of coverage. That's only because I was Grandfathered in at low prefunding rates, others could be paying several times that. Those under 45 who paid into the fund for up to 14 years would simply lose their prefunding match. The fact is the company knew that the plan they were proposing would make it impossible for most to retiree at 55. In their Q&A they said the average employee had 540 hours of sick time, so even with the 840 hour bridge that would only bring them up to 1380 hours, they would still need 1020 hours and they were only bumping the accrual rate to 8 days per year or 64 credits per year. So on average a worker who was 49 with 540 hours would need 16 years going forward of perfect attendance to retire at 55. Lets look at a 49 year old who had perfect attendance for 25 years. He would have 1200 hours, plus the 840 he paid at least $14000 for, he would have 2040 hours, if he had perfect attendance till he was 55 he still would be short by 40 hours. It gets worse for each year on down to 45 where all his prefunding monies would buy him just two years of coverage. Even if he had perfect attendance his entire career he would be short by an even wider margin than the 49 year old. You would have needed nearly four years of perfect attendance for each year of coverage. At 8 days per year anyone hired after 2010 would need 37.5 years of perfect attendance to get retiree medical. Do the math, at an average age of 25 that makes them 62.5 years old. And we lost the $25/day we got for unused sick time. Those hired from 2003 would need as much as 40 years of perfect attendance because from 2003 on we only got 5 days per year, and on average we used 5.1. Once again at SWA they would only need 12.5 years of perfect attendance to accumulate enough credits to cover them from 55. 12.5 years vs 40 years. yea , that's similar!? At least according to Overspin.Nice try at a recovery. The line premium was $2.55, the MRT was $1.50 (up from $0.50). People who worked midnights would be getting the full top pay which is where a majority of line maintenance is performed and therefore a majority of the mechanics. Again, no filtering process.
There was a rapid recovery formula for people who suffered catastrophic SK occurence. The bridge would provide those from age 45 to 49. Not many of us our fortunate enough to retiree at 50. Again, you didn't ask questions of your local withheld relevant information.
Uh I was not 50 at the time and I still want retiree medical. We would have had it still had we approved the 2010 TA.