Quote:
Originally Posted by
alfaromeo 
Basically, you take 15% of the company's pre-tax profit (20% of the amount over $2.5 Billion) and put it in a pool. You then take your W-2 earnings and divide it by the total W-2 earnings of the entire work force and you get your share of the pool. For example a person that makes $50,000 that year would get half as much profit sharing as a person that makes $100,000. There is no decision to be made by the MEC it is all a math calculation.
Originally Posted by
upndsky
I am curious as to the logic behind this, other than it's in the PWA. If the theory behind profit sharing is that we all busted our hump to make the company money, then shouldn't the pot be shared equally? I'm just a 3rd-year FO, but I worked just as hard at a 30-year CA.
Not trying to stir up a hornet's nest. Just saying...
The system is set up for a "proportional" payment and I think its pretty fair. Suppose we split it evenly as you suggest and it amounted to 5k per pilot. A new hire who might make 15K this year would get profit-sharing equal to 33% of his income. A 2007 hire who say makes 80K would get a 6.25% payment and finally a 777 captain who makes 200k would get 2.5% payment.
Do you consider the above proposed payout more fair than a proportional payout? I for one, as a fairly junior guy (around 30%) do not.
Scoop