Originally Posted by
Pilot4000
My buddy wants to know how profit sharing is calculated. Is it 10%/20% of 2023 regular pay?
3-H-2 For profit-sharing based on the years 2023 and beyond (paid in 2024 and beyond), the Company profit sharing plan shall be funded with ten percent (10%) of pre-tax profit up to $2.5 billion of pre-tax profit, plus twenty percent (20%) of pre-tax profit in excess of $2.5 billion of pretax profit.
Percentage to be multipled times regular earnings still TBD based on full year's profit numbers.