NWA Pay scale, new contract proposal:
I stand corrected.... 15% pay cut in 2004, plus 23.9% in new contract proposal. However, proposal contains an abominal assortment of minor cost-cutting items that will actually make the "Job" more difficult, rather than save a great deal of money.
This proposal was forced on to the NWA ALPA group through the sheer threat of liquidation of the Airline. The pilots, in a previous agreement, allowed their future Pension contributions to cease and be capped at 50% of the former Pension allowed to the Retiree's.
The contract allows for some Company funded advances to the 401K accounts and a stake in the re-emerging Airline.
If the former Retiree's pensions are allowed to stand at 60% of their highest 12 months of pay, some Retired Whale Capt's will be receiving Pensions that are more than a current B757 Capt. Or, from a colorful prospective, the NWA Pilots that retire under the new Agreement will be subsidizing the former retiree's pension through their own paycuts and reduction in Pension benefits.
But the really BIG hammer....no more crewmeals.