Originally Posted by
EWRflyr
As was mentioned above NO. All employees are included in the pool to calculate EVERYONE's profit sharing. They distribute only to those employees who are participants and then send the rest back to company coffers.
CAL pilots would have been in the pool anyway in order to calculate what you and every other employee would get. We just would not have been participants and that money would be returned to the company.
Example:
Company XYZ has 10 employees.
Company XYZ set aside $15,000 for profit sharing.
Company XYZ calculates every employee's share is $1,500 ($15,000/10)
Company XYZ has two supervisors who don't participate per their work agreements.
Company XYZ pays out $12,000 only to those who participate (8 X $1,500).
The remaining $3,000 goes back to the company coffers.
In other words everyone employee gets their share of the profits but they don't get other employees' shares. Does that make sense? Just a quick and dirty example.
Oh, and L-CAL pilots were not added to the L-UAL plan. L-CAL pilots were added to the profit sharing plan of the new UCH.
Changing your thought from a "pool" to a "distribution" and the picture becomes clearer. Now factor in CBA/contract clauses on distribution percentages and your math won't make it to the test. Using your numbers example would in reality look more like this. $15,000 is a "distribution" to participants (Note, the company's coffers could not qualify as a participant). Breaking it down, one (1) group (sUAL pilots) of participants contractually gets 43.5% or $6525 of the "distribution" amount($15,000). The remaining 56.5% ($8475) is divided up among the other employee groups participating in the program. So if another group, example sCAL pilots, gets 40% as someone on here alluded to, it would be coming from the adjusted amount ($8475) and therefore their share would be $3390. Therefore the the rest of the participants would be getting $5085 ($8475 - $3390).
The broader question might be whether the share of the company's profit for PS were higher and diluted to the $265M, a question only the company could answer but haven't to date.
BTW based on the actual distribution figure, if the hourly credit pay was about $5.00 more then this discussion would be purely academic..