Split PS?
08-14-2019, 03:52 PM
#4
Gets Weekends Off
Thread Starter
Joined APC: Jun 2015
Posts: 341
Originally Posted by crewdawg
I believe they did that back in 2013 or 14. Not sure of the impetus for that.
08-14-2019, 05:40 PM
#6
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,921
This happened when American eliminated their pilots' profit sharing plans. It happened concurrently with our profit sharing check exploding into uncharted territory. We paid half in October and other half in February. We never did it again.
08-14-2019, 05:53 PM
#7
Roll’n Thunder
Joined APC: Oct 2009
Position: Pilot
Posts: 3,546
If it gets the same amount of money partially into our hands sooner I don't really see a downside. I mean we get paid for Jan-Jun profit in October then Jul-Dec profit in Feb I'd say that's great. Either way you're going to end up with the same amount of money.
08-14-2019, 07:21 PM
#8
Gets Weekends Off
Joined APC: Aug 2016
Posts: 226
Originally Posted by tennisguru
If it gets the same amount of money partially into our hands sooner I don't really see a downside. I mean we get paid for Jan-Jun profit in October then Jul-Dec profit in Feb I'd say that's great. Either way you're going to end up with the same amount of money.
08-14-2019, 08:06 PM
#9
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,458
Originally Posted by Delta2heavy
It will affect your taxes for 2020 I believe as you will have more income with this profit sharing and last years
Delta will report higher compensation costs in 2019 and lower costs in 2020. This helps them hedge their bets against a downturn in 2020, by paying half of the profit sharing expense in 2019. 2019 has been a wildly profitable year, so they bean counters may be looking at expenses they can book against those record profits.
08-15-2019, 02:55 AM
#10
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,026
Screws up my 401k and HSA planning. Already used my tax free 19K AND 6K respectively. Now my income will be higher than planned and no way to shelter that money. Next years money may/may not fill up my tax advantaged allotments.
Looks like the pay out date is not specified in the PWA so nothing to quibble over but my guess is my tax planning will change and there will be a lot of unplanned DPSP cash.
Looks like the pay out date is not specified in the PWA so nothing to quibble over but my guess is my tax planning will change and there will be a lot of unplanned DPSP cash.
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