Originally Posted by BlueJetDork

They changed the name but the effect is still the same. The first 5% of your Profit Sharing is reduced to fund the 5% of what you say is "doesn't matter what its called".

Take 2012 for instance, Jetblue paid 0.42% of an employees eligible earnings as profit sharing plus 13% into a pilot retirement (assuming the pilot elected to defer at least 5% of their own income).

However, 15% of EBT divided by eligible wages in 2012 resulted in 5.42% payout that was in fact reduced by the "cliff" to 0.42%.

Yeah we got 8% + 5% (13%) retirement and profit sharing but it should have been yeah we got 13% plus 5.42% profit sharing in 2012 and 8.02% in 2013 and 20.87% last year.

The same thing happened in 2007 - 2015.