Originally Posted by
Bandit262
....To state that the 1/1/16 6% raise would be totally offset by the Profit Sharing giveback is inaccurate. The PS plan was untouched for the 2016 earnings year with a normal payout in February 2017. So for the 2016 earnings year, there would have been a 6% raise on earnings NOT offset by PS reductions.
However, in 2017, the PS reductions would have taken effect, virtually eliminating the 6% 2016 raise. .....
Jim Villers
P2P Chairman
OK, I found it in the TA language and believe I am correct, that the failed TA
would have reduced the formula being used RIGHT NOW, IN 2016, that will be paid out in Feb 2017.
The point of this post is not to gloat, however. A larger issue is --
How could a "P2P Chairman" make such a glaring error? . . . Still trying to sell that old TA, eh?
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