Originally Posted by
Starcheck102
Did you even read your contract?
PTIX over $2.5 billion is unchanged. You didn't lose anything this year.
Page 3-14 of the PWA, section 3.I.
We squeaked in above 2.5 billion at around 2.7 billion. Let's do the math:
15% (pre C2012) of 2.5 billion is 375,000,000 vs. 10% (C2012) of 2.5 billion is 250,000,000.
20% (the amount above 2.5 billion) of 200,000,000 is 40,000,000.
415,000,000 (pre C2012 concessionary value) is more than 290,000,000 (C2012 value), right?
That works out to be about a 6000 dollar reduction for me.
That is a 30.2% reduction in profit sharing money that we could have had. We gave up something we didn't need to give up in C2012. Trying to spin it any other way helps the DPA.
edit: I can't remember if pre 2012 it was 15% for all values. Just to cover my bases, that would have been 405 million vice 290 million, yielding a 28.4% reduction in payout in C2012.