Profit Sharing Time
01-02-2020, 11:17 AM
#41
New Hire
Joined APC: Jan 2015
Position: Concourse A
Posts: 780
Originally Posted by sailingfun
The pot is divided by the employee total payroll to arrive at the percentage of the payout. If that payroll increases due to pay raises, overtime or a increase in employee headcount the percentage paid will drop. This year the increase in the profit sharing pool will be more than enough to offset the increase in wages however not to the extent many think. I am still thinking 16.3%.
This thread is starting to sound a bit like the augmented domestic flights where many here tried to argue it was cheaper to fly transcons with 3 pilots vice two.
This thread is starting to sound a bit like the augmented domestic flights where many here tried to argue it was cheaper to fly transcons with 3 pilots vice two.
Agreed.. great analogy. It cost us a lot to staff this past summer and the past few weeks around the holidays. It’s still an impressive number that my wife will be more than happy with.
01-02-2020, 03:54 PM
#44
Gets Weekends Off
Joined APC: Feb 2015
Posts: 319
Originally Posted by AirbusPTC
Originally Posted by AirbusPTC View Post
Profit Sharing payout history:
2006: 0
2007: 5.5%
2008: 0
2009: 0
2010: 6.5%
2011: 4.9%
2012: 6.7%
2013: 8.3%
2014: 16.6%
2015: 21.46%
2016: 17.81%
2017: 15.10%
2018: 14.1%
Profit Sharing payout history:
2006: 0
2007: 5.5%
2008: 0
2009: 0
2010: 6.5%
2011: 4.9%
2012: 6.7%
2013: 8.3%
2014: 16.6%
2015: 21.46%
2016: 17.81%
2017: 15.10%
2018: 14.1%
01-03-2020, 04:44 AM
#48
Gets Weekends Off
Joined APC: May 2014
Position: Drivin’ the bus
Posts: 718
How is DPSP Cash and/or DPSP Cash Plus treated with regards to profit sharing? Is it ignored from the calculation?
This is the first year I’ve had a significant amount in those buckets.
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This is the first year I’ve had a significant amount in those buckets.
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01-03-2020, 06:04 AM
#49
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,067
Originally Posted by StartngOvr
How is DPSP Cash and/or DPSP Cash Plus treated with regards to profit sharing? Is it ignored from the calculation?
This is the first year I’ve had a significant amount in those buckets.
Sent from my iPhone using Tapatalk Pro
This is the first year I’ve had a significant amount in those buckets.
Sent from my iPhone using Tapatalk Pro
01-03-2020, 06:10 AM
#50
Super Moderator
Joined APC: Jul 2006
Posts: 5,558
FLT ADV + FLT PAY + Regular pay (newhires).
Annual Compensation means a pilot’s gross earnings for the plan year, including, for example:
· Flight pay
· Vacation pay
· Sick pay
· Accident leave pay
· Furlough pay
· Regular pay (entry-level pilots)
Annual Compensation does not include:
· Expense or relocation reimbursements, including per diem
· Imputed income to the pilot for any reason pursuant to federal, state or local law
· Shared Rewards or any Profit Sharing Plan payouts related to prior years
· Company retirement program contributions (this includes any DPSP contributions received as ordinary income due to reaching company or 415c contribution limits)
· Income from the grant, vesting, exercise or sale of Delta stock or Delta stock options
· Delta Pilot Mutual Aid (DPMA) payments
· Disability payments
· Medical plan reimbursements
· Flight pay
· Vacation pay
· Sick pay
· Accident leave pay
· Furlough pay
· Regular pay (entry-level pilots)
Annual Compensation does not include:
· Expense or relocation reimbursements, including per diem
· Imputed income to the pilot for any reason pursuant to federal, state or local law
· Shared Rewards or any Profit Sharing Plan payouts related to prior years
· Company retirement program contributions (this includes any DPSP contributions received as ordinary income due to reaching company or 415c contribution limits)
· Income from the grant, vesting, exercise or sale of Delta stock or Delta stock options
· Delta Pilot Mutual Aid (DPMA) payments
· Disability payments
· Medical plan reimbursements
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