Originally Posted by GuppyPuppy

They changed the formula before we agreed on our first contract. There was nothing we could do about it. They gave everyone an 8% raise when they changed it saying, "It's better to have the money up front, right?". The thing is, they knew we were getting close on a pilot contract and wanted to find a way to not pay out unless we made a ridiculous amount of money. The thing is, that 8% raise brought our agents and rampers up to par with their peers. The company sold it as kind of 'profit sharing up front'.

Also, there is a "cliff" to our profit sharing. They used to call it "guaranteed profit sharing" where you would get 5% of your wages put in to your retirement account no matter if a profit was made or not. That cliff applies to the pilots as far as profit sharing goes. In 2018, the profit sharing amounted to 5.2%. Since the cliff is in place, we were only paid 0.2% for profit sharing for 2018. Do the math. Most pilots saw a check for less than $400.00. Most agents/rampers saw about $40.00.

Evil.

GP

Originally Posted by KnockKnock

Yea, I’m serious, are you? JB has gotten profit sharing checks in the past. Some higher than what we’ve received. I’m wondering what triggers a pay out and why during a profitable year, they wouldn’t get one? Also....I have no idea what’s in JB’s contract regarding PS. I don’t work there.

Originally Posted by PNWFlyer

Guess you should read your contract.

section 3
Compensation

sub section D
Performance Base Pay (PBP)

PBP is our profit sharing. Know your contract.

Originally Posted by ShyGuy

Ahh, I see. Thank you. OPR is the one not contractual?

Originally Posted by Texasbound

Well, I do know what is in JB's contact. It is spelled pout in post #8. JB management changed the formula in their contract to prevent big payouts. I also know what everyone else's is because I read the ALPA contact comparisons.

When are pilots going to understand, companies do not pay out profit sharing because they love you or think you deserve it. They do it because contract says so. In the case of the non-union Delta employees, they got it to keep them from unionizing.

The only people that hate Delta's profit sharing, is Delta management.

Originally Posted by ShyGuy

Its not in the AS pilot contract yet we got a profit share. Delta would have too, maybe not as high as 16% but still would have gotten something.

Originally Posted by KnockKnock

I see. Thanks for clearing that up. I didn’t realize it had been removed from your new contract.

Originally Posted by Big E 757

We agreed not to fight the pension termination and agreed to two pay cuts...somewhere in there, we got a profit sharing agreement. Management was [XprobablyX] DEFINITELY laughing at us at the time.

Originally Posted by PNWFlyer

Yes, Offer Peanuts Regularly (OPR), is out of the kindness of the BM’s cold dead heart.