It’s very true. The pool is calculated by the formula in the contract. Then pilots get a portion (historically about 1/3rd) that is divided to each person. When the non-cons had a different formula it was calculated like it is now then the remaining 2/3ish amount was removed and they did the calculations with the other formula.

I wish the $1B all went to us greedy pilots being a greedy pilot. Alas this is the reality we have.