Originally Posted by
GuppyPuppy
It is not 10% of your pay.
It pertains to a formula as to what total amount of profit sharing is available to be distributed amongst all eligible employees.
For 2018 the total pot was $3M.
Gup
For 2018 the pot was actually $72 million.
I know you get it, but just so others understand:
"It pertains to a formula as to what total amount of profit sharing is available to be distributed amongst all eligible employees (****** minus the 5% Cliff ******). "
I believe for this year the pot (10% of pre-tax corporate earnings) was actually $72 million. After subtracting the 5% Cliff they are actually distributing $3 million out of the $72 million pot.
So company made around $730 million, of that they set aside $72 million for profit sharing pot, of that they give the employees $3 million.
It's great to be a BlueJet pilot.
Sorry, I'm "just being negative".