Thread: Split PS?
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Old 08-17-2019, 03:45 PM
  #27  
TED74
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Joined APC: Sep 2014
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Originally Posted by Hillbilly View Post
While I believe it to be extremely unlikely this year, that's not necessarily the case. If you paid out Jan-Jun profit in October and then had some sort of event (like a fleet grounded and the economy tanking) which caused you to lose money overall for Jul-Dec, then you really weren't due all of that profit sharing you got for the first half of the year. Our profit sharing plan in our contract is based on an entire calendar year for the program. Plus it would have to be a WAG of some sort, like it was last time, because they can not know for certain what percentage of the entire payroll you will represent for the year. You could go big at the end or fly much less. Either affects how much you would be due.
I disagree. It's just like taxes. If you underpay or overpay via withholding, the final bill isn't affected. Delta could (should, in my opinion) cut us a best-guess check in the fall (perhaps 40% of their estimated final payout), then settle up with the rest due in February. Easy peasy.
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