This is my guess. If we have an exceptional Q3 & Q4, the profit sharing pot could push $1 bln. Might be a Wall Street psychological thing. My other guess would be some kind of tax advantage to paying out this year rather than next. Either way I'm ok with it and I will look forward to a few dollars extra in Oct.

Are we sure this Oct payment will include the pilots?

How is this supposed to help me study for my eSV? I'll go back and take another look. Maybe I can figure it out.

If I recall correctly, don't we usually have to elect what % of our PS is to go to our retirement accounts? Seems this is fairly short notice (Oct 3).

It would be nice if ALPA would put something out on the subject and include the current estimated % of 2014 earnings that our total PS is likely to be. I'm sure they are working on something since this just came out.

I couldn't click on the FAQs because I'm not on a Delta computer. Maybe all of that is covered there.

For those who have already hit the 401k limit, can we put these money in next year (2015).

You have to read the fine print.

Employee Eligibility

Most employees worldwide are eligible for the Delta Profit Sharing Plan. Officers, managing directors, directors and general managers (grade 11) are not eligible for the profit sharing plan. Neither are contractors, student workers such as co-ops and interns, and Delta Community Credit Union employees. Finally, employees based in countries or territories that have government-mandated or collectively bargained profit sharing programs are not eligible for the Delta Profit Sharing Plan.

I think that we are covered under collectively bargained profit sharing. Therefore, my interpretation is we probably won't participate.

You may be correct. As mundane as it might seem, our PWA does list a timeline for payouts. I suppose an early payout would require an exemption of some sort (LOA, MOU?). A technicality for sure, bit it is in there. Either way we get paid the same so I guess it doesn't matter too much.

From the PWA:

Accrue annually; award to be paid within 30 calendar days after
the date on which the Company’s annual audited consolidated
financial statements are released. Such statements are typically
released in late January but payment under the profit sharing plan
will typically occur on February 14th.

Esv on the 73n?

Everything has three steps or comes in threes. If you only got to step 2, you forgot something. That's all you need to know...:D

In case I didn't mention it today, I really don't like capped reserve days.

What are you willing to give up for that? :cool:

Seriously though, normally $ early is a good thing but I like to use my profit sharing dollars to fill up my 401(k) for the year in one fell swoop.

If we're not included on the early $ I'm indifferent. If pilots are also included as "eligible employees" then I guess another alternative would be to bank the money and then put 100% of the first couple of checks in January until you reach the max.

Someone asked the question whether we could make the early profit sharing check as a contribution towards next year's 401(k). Not positive on that but I'm pretty sure the answer is no.