Originally Posted by
sailingfun
You need to factor in the reduction in profit sharing also generated by the non cons getting raises when we don't. The 18% awarded last year will make a big dent in our checks come Feb. Another Elephant in the room will be tax issues when we finally get a TA. If it's not done by the end of this year and it appears that is unlikely any retro or signing bonus will produce serious tax implications and reduce the gain. Virtually every Delta pilot will be thrown into the AMT quagmire!
Isn't almost everyone getting AMT-ed already? I think I can sum this up: we don't want to surrender 5% of very likely profit sharing for 5% of additional pay and call it a "raise." It's not a raise its a zero. I realize the "exchange" math is a bit more complicated than Tim's original post. That is why I posted how I only see the exchange working greatly in our favor if we screw the other employees (ie if we cut the formula for ALL employees and give the $$ only to the pilots). I really think there needs to be one employee PS pool with the same formula for all regular employees: management has a very generous incentive program and they don't need part of my profit sharing. That part just reeks as I'm afraid the wording in this area could really bite us. JMO, OFG