Originally Posted by
ThumbsUp
I think you’re misunderstanding what he’s saying. The percentage that you see already accounts for the 16% when dividing the pie. So in your example if you see 15%, you would have seen 17.4% without a DC since the size of the PS pie isn’t changing.
The payment to the DC plan is not figured in the profit sharing calculations. The profit sharing percentage is based strictly on profits and is in fact exactly the same for all employees however it’s only pensionable for pilots per our contract. All employees will get 5,1% this year. The pilots will get a additional 16% of that amount in their DC fund.