Originally Posted by
tsquare
Agreed. Profit sharing is a benefit that cannot be counted on. To include it is extremely disingenuous.
Originally Posted by
TheManager
Why do you continue to add profit sharing to any of our rates?
It is not a valid comparison. Then again, most people here know that.
Originally Posted by
Timbo
You might want to change the batteries in your calculator SF.
1.15 x $270 = $310.50, which is still $9/hr. below our 2004 pay rate, 11 years later, oh, and 11 years ago we had a DB plan too!
PS certainly is a part of yearly compensation calculation, and it's in the same part of the PWA as the rate tables.
If one chooses to not include PS as a valid component of Section 3 in the current PWA, then to give equal credence there should be no inclusion of a DB value when talking about retirement plans then versus present.
There continues to be an unhealthy and inaccurate focus on "rates". It is a woefully incomplete data point with which to make a valid comparison on the compensation we receive. We are still way under-compensated overall, but the focus needs to be increasing W2, days off, and other QOL also...... NOT just one part of Section 3.