Old 05-21-2023 | 06:17 PM
  #2149  
TED74
Gets Weekends Off
 
Joined: Sep 2014
Posts: 5,128
Likes: 91
Default

Originally Posted by tennisguru
Yes. The One Time Payment will count towards your income that will get PS. So while we did not get 16% DC on that money, we will get some decent PS %, plus 17% DC on that PS money.
I don’t think this will help us as much as folks think. Our income doesn’t GENERATE profit sharing, it just determines our personal share of the total pool. Since most pilots got the non-retro-retro (exceptions being newbies), everyone’s boost in annualized earnings moves more or less together. Of course our pilot share of total company-wide compensation goes up and we scrape a little more away from FAs et al, and that’s gravy.

A pilot who made 250k in eligible earnings will get 25% more profit sharing than a pilot with 200k in eligible earnings, sure. But compare the benefit of the one-time-payment being profit-sharing eligible to a theoretical contract in which is wasn't…and the boost isn’t as large. Making our ~third of the company payroll larger by including the one-time-payment in the PS math doesn’t add one extra dollar of actual profits to the pool. It just pulls a bit more of the existing pool in our direction.
Reply