"Tweaking" doesn't really justify rejection of a TA. If you get 85% of what you want in a deal, that's a pretty damned good deal. There is a lot of risk in going back to the table after rejecting a TA. It should only be done when the TA is truly awful. I vote against a TA at my company (AirTran) because it was a truly terrible TA. Your TA is pretty good. It's just not perfect. Big difference.
Your logic is screwed up.
So let me ask you...what percentage is okay. 51%, 70%, 85%?
You are mesmerized by the hourly rates and your brain ceases to function.
You have to look at the WHOLE package.
Also you have to compare it to what WE (Alaska) already have and not what you (Air Tran) currently have.
If they gave us everything we wanted and all that was left was these substandard pay rates then I would agree with you.
However, this is not the case as previously mentioned.
The main thing is that we are giving up a substantial amount of the retirement program for new hires.
You need about a 12-15% mandatory company contribution to match what an A-plan gives you using a conservative diverse portfolio. We ALREADY have an A-plan and a 3% mandatory contribution DC...so in my view any talk of a DC replacing an A-plan better have a mandatory contribution of between 15-18%...or it is in fact concessionary.
We would be BETTER off to get parked under the current contract then to be living under this new retirement system going forward.
This is not some noble effort on my part...this is purely selfish. I don't REALLY give a damn about the new hires. I don't know who they are or when/if their will be new hires. I have only my own self-interest at heart.
I have a LOT of years left and I know that if we agree to this contract we are going to give up a LOT of negotiating capital in 2013, 2017, 2021, 2025...trying to equalize the benefits for the two classes of pilots that this TA creates.
At some point the "have nots" will represent the majority...do you not think they will approve a "TA" with a pay freeze for senior captains, do you not think they will gladly impose a hard freeze on our A plans so that the company can afford to give the FO's raises.
I am voting AGAINST this TA. We are better off with the status-quo.