Originally Posted by
RockyBoy
I'm not sure that is right Denny. I beleive once we hit 2.5 billion then they pay 20% of PTIX into the profit sharing plan. If we are under that, then they pay 10% of the PTIX into the plan. I remember someone saying that the profit sharing cost would double if we went over 2.5 billion.
It's also very hard for them to manipulate the numbers to lower the PTIX numbers. I'm not an accounting expert, but paying down debt or buying more assets goes into the equation after the PTIX calculation.
Not sure if anybody has responded to this but we get 10% up to 2.5 billion and then 20% on anything over 2.5 billion. I can darn near guarantee that!! We gave up that 5% in the last contract negotiations.
Profit sharing does double on the part that goes over 2.5 billion, not on the part below........
Call the union if you don't believe me....
Denny