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Old 01-28-2015 | 03:53 AM
  #176793  
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scambo1
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Joined: Jun 2009
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From: 777B
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Originally Posted by shiznit
Timbo, thanks... Wouldn't have seen Carl's comment otherwise; he's correct on one point, right now no one has a choice (nobody at DAL is negotiating anything related to Section 6 right now). It may never happen, but it's worth considering from a purely mathematical standpoint.

I DO NOT agree with changing PS into payrates and calling it a raise. Would we like C2015 raises, THEN a PS change that goes on top of that? Maybe, gotta see the math on what we get for it...

Do I like having as much of my income at risk, and DELAYED by more than a YEAR to be paid....No, I do not like that.

The Company can "share" a bigger chunk of those "profits" with me in my bi-monthly paychecks. I'd rather get paid NOW, get the extra 15% in my 401k NOW; use that money to make more money NOW. I'd rather not let the Company sit on our money for a year to earn the interest we could have made.

We get it.. Carl is bad at finance (thank God he still has his 747 Captain pension). He thinks it's a good idea to let someone else keep part of our paychecks every month, and delay more of our money going in our 401k plans sooner.

Timbo, why you think he should "preach it" is lost on me...
What he is preaching is pay rates and profit sharing are decoupled (separate line items) right now and I agree with that.

Your point is well taken, and most economists would agree, that letting someone hold on to your money instead of you is ill-advised. With that said, in the case of profit sharing, I'm okay with that. It's an accrual system and maxes out most 401k's in one fell swoop. The only thing I'd consider swapping SOME profit sharing for is if the company maxes out my 401k to the 415c limit - without my involvement.

I'm not Timbo. He's a tool.