UAL profit sharing

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08-15-2016, 06:49 PM

cobalt650

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UAL profit sharing

The pay portion of this website for pilot salaries states that there is profit sharing at United. Is this still in the current contract? Substantial at DAL, 5% at AA, looking for current data for UAL. Thanks much.

Last edited by cobalt650; 08-15-2016 at 07:16 PM.

08-15-2016, 07:14 PM

cadetdrivr

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Obviously varies by year.

UAL's formula for pilots was 13.03% for 2015.

08-15-2016, 07:16 PM

cobalt650

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Quote:

Originally Posted by cadetdrivr

Obviously varies by year.

UAL's formula for pilots was 13.03% for 2015.

Thank you. How is that then paid out?

08-15-2016, 07:17 PM

cadetdrivr

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Quote:

Originally Posted by cobalt650

Thank you. How is that then paid out?

Lump sum the following March 1st paycheck.

(Optionally can put selected percentage of funds into retirement plan up to annual IRS limit.)

08-15-2016, 07:25 PM

Grumble

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Quote:

Originally Posted by cadetdrivr

Lump sum the following March 1st paycheck.

(Optionally can put selected percentage of funds into retirement plan up to annual IRS limit.)

It's paid out on 2/14. It's DAL-some. As mentioned last year was W2 x 13%

08-15-2016, 07:36 PM

blockplus

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Ps is 10% of profits under 6.9% operating margin, and 20% of profits over that. This year it was paid march 1.

08-16-2016, 08:34 AM

DashTrash

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Quote:

Originally Posted by Grumble

It's paid out on 2/14. It's DAL-some. As mentioned last year was W2 x 13%

They changed the pay date last year to the March 1st check.

08-16-2016, 08:58 AM

Probe

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For most of my 21 years at UAL my PS check was zero. Yours, may vary.

08-16-2016, 09:28 AM

MasterOfPuppets

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Quote:

Originally Posted by Probe

For most of my 21 years at UAL my PS check was zero. Yours, may vary.

You should change your handle to Eeyore.....

08-16-2016, 10:34 AM

#10

awax

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Quote:

Originally Posted by MasterOfPuppets

You should change your handle to Eeyore.....

Me too then, anyone remember not being able to make voluntary contributions to the 401K because the value of the ESOP stock maxed out the 415 limits? Don't even get me started on the A fund.

2-3 years of profit sharing doesn't scratch the surface of where we should be.