Originally Posted by
Sink r8
Heard in the lounge that a good, latest estimate of profit-sharing (gross) is 8.3% of the FLT PAY + FLT advance for 2013, as derived from your Dec 31 2013 pay statement.
In my case, I divided the number by my current hourly pay, and it's ~ 76 hours.
I offer no guarantees whatsoever that any of this is correct.
Anyone have any formulas to calculate profit sharing under our old PWA (15% first $2.5 billion)?
The 5% reduction comes to $125,000,000 reduction of what would have gone to the employee profit sharing plans for all groups. I was just curious what that would have amounted to for pilots.
I'm sure this will get things going back and forth, but regardless I think it's important to see the hard number of what this concession actually cost the pilot group in retrospect.
Before I get accused of being a "black helicopter flying overhead" pilot, I'll say that it was good to see a transition of our compensation from profit sharing into our actual month to month pay checks.