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Old 06-28-2010 | 01:40 PM
  #41932  
johnso29
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From: B757/767
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Originally Posted by slowplay
If you look through the table that shows the profit sharing plan, you'll see that it is for all employees. Incomes are totaled (with the exclusions in the definitions), then each employee is paid their percentage based on their income to the total pool. Pilots are a little more than 1/3 of the income pool. Everyone sees the same percentage increase to their income, and then DC contributions are made on that additional money.

Remember also that while it's called "profit sharing", it's actually pre-tax income sharing. Those write downs (among others) that ACL mentioned earlier in the thread are specifically excluded from the calculation.



Nice job getting that written in. Thanks for the explanation.