If it's same as TPA, for CAL pilot a check of $2800 per $100k on W2.
$4200 per W2 $100k for UAL, contractually guaranteed and not subject to TPA.
Both are post-40% tax withholding. And total WAGs.
Originally Posted by
APC225
2010
Profit Sharing Accrual $224M
UAL Pilot Share 5.9% of W2
CAL Pilot Share 3.9% of W2
[updated with 3rd quarter numbers]
2011 Jan-Sep
Profit Sharing Accrual $242M
UAL Pilot Share TBD% of W2
CAL Pilot Share ZERO
The profit sharing accrual this year already exceeds all of last year. Assuming UCAL earns as much (as a percentage of 3rd quarter) in the 4th quarter this year as it did last year, they will earn $278M in Q4 for another profit share accrual of $55M for a total profit share accrual in 2011 of $297M. This is a 19% increase over last year.
If this 19% increase is applied to the 5.9% of W2 that UAL pilots got last year, then UAL pilots may get over 7% of their W2 this year.
If this 19% increase is applied to the profit sharing that 58% of the CAL pilots voted for in C02, and to what the union was able to achieve in the TPA, CAL pilots will get ZERO.
Happy Valentine's Day.