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Old 02-16-2014 | 06:11 PM
  #149425  
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shiznit
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Originally Posted by Purple Drank
Thanks for splitting into multiple posts. I'm quite dizzy from that one.
LOL. Did my best. Sorry if you're spinning!

The profit sharing change was for a fixed dollar amount which equaled roughly $42 million dollars. That is approximately 2.08% in pay rates on the 2012 charts.

Now here's the nice part. $42m in PS stays $42 million no matter how high our compensation goes. If you were smart you'd have wanted ALL of the 0-25B profit sharing in hard pay. (but I think the Company didn't want to disincentivize the other employee groups, they're non-union and wouldn't do the advanced math to know it was a good thing.)

That 2.08% that was put into pay rates is now compounded in everything in the contract.

WITHOUT including the compounding from increased DC, vacation, training, reserve, M88/90 pay, ADG, etc.

In 2013, that PS is now worth 2.14% or $43.2 million
In 2014, that PS is now worth 2.21% or $44.6 million

and it continues to compound into the future.

I'd trade the other 10% of 0-2.5B for 4.5% on our pay tables as fast as they'd offer.

The "above $2.5B 20%" is the part I wouldn't let the Company touch. That is where the upside is unlimited.

Last edited by shiznit; 02-16-2014 at 06:29 PM.