NYer
Veteran
- Jun 4, 2010
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Bob Owens said:The $310 includes the total value of all concessions, so yes it includes the lump sum option even if it was given no value. --No. it does not. Just like the 4.8% of the TWU does not include just the changes to the CBA. Included in that 4.8% was 1.7% in a "Me Too" value not directly linked to the CBA. It also includes value gained from settlements of grievances tied to the 757's and the healthcare overpayment.
Let me clear things up for those who are unfamiliar with the way you like to spin things. You throw out big numbers to try and confuse things, the Lump sum was not a multimillion dollar option, it was the option to take a lump sum payment of your pension and give up guaranteed payments for life so on an actuarial basis the value of the lump sum was less than if you collected a pension. Its similar to the way if you win the lottery you can take the full amount paid out over many years or you can accept a smaller award all at once. --That's a little ridiculous. The "Lump Sum" payments enable pilots to take their full value whether they lived an hour, a week or a century past their retirement date. Those payments were made at one stop and not spread out over time which lessens the liability for the Company. So much so, that getting rid of that "lump sum" payment was a central "want" for the airline, and they got it.
I was not at that table. That was done at "high level" negotiations where only the International and whomever they picked was present, what I participated in was merely a sideshow conducted by the International because they know that the only way to get the members to accept these lousy deals is to have faces that the members picked tell them its the best they can expect, by the way there was a lawsuit filed on that. So once again when hit with the facts you resort to distract by an attempt to make a personal attack and leave out the fact that the International made videos telling the members they needed to accept what you now admit is an inferior agreement. You are no longer claiming that we didn't get the worst deal, instead you are trying to say its my fault because you claim I was there. Why not just admit you were wrong? --Sir. You are bringing out the fact and complaining that other work groups did better. I merely mentioned that you had a participatory seat at the event you're complaining about. To your defense, this was a BK situation where leverage is not something employed in those types of negotiations.
How much value did the mechanics get for their lump sum option? I know it was gone when I hired on but management still got it because I remembers several taking it. --Don't be coy, that was an issue from 1983 and not as a result of the BK like the pilots lump sum option was.