Originally Posted by
LumberJack
How else can they have the same calculation as us without diluting our pool? It has to be two separate pools no? And they're using the same formula, so 20% and 40% is the only way I can make the math work.
There’s a side letter (which, of course, they won’t publish) that defines how the pool payout works.
The total pool is generated as has been mentioned previously:
-10% of PTIX up to $2.5 billion
-20% of PTIX above $2.5 billion
After the pool is formed, it gets divided up:
-Approximately 1/3 to pilots
-Approximately 2/3 to everyone else
So, if the pool is $1 billion, the pilots split approximately $333 million amongst us.
The percentage each pilot receives from that pool is determined by using each pilot’s eligible earnings and dividing it amongst the total eligible earnings for the entire pilot group.
After you get your amount from the pool add the 16% DC contribution.
Clear as mud?