As Pineybob stated earlier, you have a 50/50 chance of hitting that $625 million jackpot. Could the odds be any better? And if the top out is only $17.85ish as some have said, why wouldn't you let it go to arbitration? This is vittles compared to what Senior Management has raked in in the last few years, which was essentially financed by the artificially low wages at LCC. At the very least, vote down the first offer and tell the IAM to get their a$$es to work and don't bother coming back until they bring a legitimate offer.
You are 100% right on! VOTE NO and make the IAM work for their money. Send it back and I guarantee you will get a better offer. The big question I have is why was the pay scale not included in the intial info?
Is it possible that they have two different figures and they are just feeling everyone out to see what we will take? I don't trust either the company or the union. In any case VOTE NO!!! Send it back. Good luck.