Originally Posted by
Timbo
That's the way I read it too, 5% of your projected 2014 pay, which as you said, could be about 50% of your total profit sharing, the remainder to be paid on the normal Feb. 14th date.
Now I've got to wonder why?
Is this a move simply to pacify Wall Street, a little now, a little later, so the pay out next Feb. won't look so big and raise more questions like last time?
And what about that 4% raise? How you like'n that 3% now? Too bad you're not a "Front Line" employee!
Are the non-contract people talking Union again? That always gets them a small raise.
Maybe if WE talked about joining a Union, we could get better than a 3% raise too!
Timbo
I just came from the Council 1 meeting in MSP. They were talking about this as it was obviously just released today. This is a move to pacify Wall Street. The expectations are PS will be around double of last year. To me that means 14 to 16% so we are getting a 3rd of it early.
Not sure on why the Oct 3 rd date and such short notice but the PS to 401k question was brought up and the feeling was most pilots had filled their 401k by now.