Originally Posted by
iahflyr
That change would make no difference for us. At Delta, their profit sharing pot of money is calculated knowing that 16% DC is added on.
Let’s say we get a profit sharing pool of money equal to 7% of our wages. If we are getting 16% DC, we would just get a cash payout of 6% of our annual wages, and get 16% of that 6% of wages (~1% of annual wages) to our 401k. That’s still the same amount of money, except now 16% of it is forced into our 401k. I would rather get it as cash.
They would actually have to increase the value of the PS formula (which is a lot harder to do).
You lost me! You say it would make no difference to UAL pilots.....then you acknowledge that DC on PS would amount to 1% but that's not $$$ to you because it goes into your 401? I can tell you that when I got DC on PS that was 15K(just the DC on PS)....I didn't really GAF if it went into my 401 or not...it was real money. No matter how you slice it or dice it ....it would be better than what you have now, which is nothing on PS!