Any "Latest & Greatest" about Delta?
02-09-2015 | 12:09 PM
Da Hudge
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
Don't sweat it shoelu. IAV84DAL has been banned a bunch for being a troll and using multiple screen names. He's here for one purpose only and that is to aid management into making pilots believe that profit sharing isn't worth fighting to keep. Management will have a nearly impossible task taking it away, so their tactic now is to get us to relinquish it voluntarily. IAV84DAL is here to facilitate that effort on behalf of management. When he spoke about your plan, he was just pulling it out of his backside. You corrected him, but it won't matter. He's here on behalf of a specific agenda.
Carl
Carl
02-09-2015 | 12:15 PM
Gets Weekends Off
Joined: Jun 2007
Posts: 1,207
Likes: 0
From: CA
From our CBA:
SECTION 19: RETIREMENT
A. SOUTHWEST AIRLINES PROFIT SHARING PLAN
1. It is recognized that the pilots of Southwest Airlines depend on Southwest Airlines Profit Sharing Plan (referred to in this section as the "Plan") to provide for a significant portion of the pilots' retirement program.
2. Should the Southwest Airlines Board of Directors take action to terminate the Plan, this Agreement will be reopened for the limited purpose of negotiating a plan to replace the Profit Sharing Plan.
02-09-2015 | 12:17 PM
Line Holder
Joined: Nov 2013
Posts: 31
Likes: 0
From: Industry Leading
"At risk compensation... blah blah... at risk... blah blah..."
How do you block the broken record's (IAV84dal) posts?
Even us long-time lurkers have our limits...
How do you block the broken record's (IAV84dal) posts?
Even us long-time lurkers have our limits...
02-09-2015 | 12:26 PM
Gets Weekends Off
Joined: Jun 2007
Posts: 1,207
Likes: 0
From: CA
A COMMITTMENT to profit sharing is written into the CBA. I mean if you are going to imply I'm lying we should both get the verbiage right. Because in fairness, if the plan is ever terminated its also possible the negotiations would do away with PS in favor of guaranteed pay.
I'm not implying you're lying (or just woefully misinformed), I'm proving it.
02-09-2015 | 12:33 PM
Works Every Weekend
Joined: Dec 2007
Posts: 3,506
Likes: 0
From: 737 ATL
The legal and contractual structure of their plan is somewhat different than ours but its still basically the same thing. It's "at risk" compensation that varies with the company's profits.
The pilots participate in the corporate plan on the same basis as all other employees. Its a deeply ingrained part of their vaunted "culture" over there but yes, the corporation could theoretically end the plan if they wish.
If they do that however, the pilots have contractual protection. It would trigger an immediate reopening of the pilot contract to negotiate a "replacement" plan.
Their plan is also significantly more detailed and complex than ours.
Depending on individual tax circumstances, in some respects its a lot better.
Its geared more toward retirement savings rather than annual cash compensation.
Here's the Southwest plan:
Warning --> it will put you to sleep.
Southwest Airlines Co. ProfitSharing Plan
02-09-2015 | 12:43 PM
Banned
Joined: Jan 2013
Posts: 65
Likes: 0
From: NYC A320 FO
I'm not sure what point you are making, but you are correct.
The legal and contractual structure of their plan is somewhat different than ours but its still basically the same thing. It's "at risk" compensation that varies with the company's profits.
The pilots participate in the corporate plan on the same basis as all other employees. Its a deeply ingrained part of their vaunted "culture" over there but yes, the corporation could theoretically end the plan if they wish.
If they do that however, the pilots have contractual protection. It would trigger an immediate reopening of the pilot contract to negotiate a "replacement" plan.
Their plan is also significantly more detailed and complex than ours.
Depending on individual tax circumstances, in some respects its a lot better.
Its geared more toward retirement savings rather than annual cash compensation.
Here's the Southwest plan:
Warning --> it will put you to sleep.
Southwest Airlines Co. ProfitSharing Plan
The legal and contractual structure of their plan is somewhat different than ours but its still basically the same thing. It's "at risk" compensation that varies with the company's profits.
The pilots participate in the corporate plan on the same basis as all other employees. Its a deeply ingrained part of their vaunted "culture" over there but yes, the corporation could theoretically end the plan if they wish.
If they do that however, the pilots have contractual protection. It would trigger an immediate reopening of the pilot contract to negotiate a "replacement" plan.
Their plan is also significantly more detailed and complex than ours.
Depending on individual tax circumstances, in some respects its a lot better.
Its geared more toward retirement savings rather than annual cash compensation.
Here's the Southwest plan:
Warning --> it will put you to sleep.
Southwest Airlines Co. ProfitSharing Plan
02-09-2015 | 12:48 PM
Banned
Joined: Jan 2013
Posts: 65
Likes: 0
From: NYC A320 FO
A COMMITTMENT to pay rates and work rules are also written into the CBA. Because in fairness if management ever decided to stop paying us in US dollars in favor of not giving us any cash, we could renegotiate the contract and decide to work for free!
I'm not implying you're lying (or just woefully misinformed), I'm proving it.
I'm not implying you're lying (or just woefully misinformed), I'm proving it.
You owe me an apology.
Last edited by IAV84DAL; 02-09-2015 at 12:53 PM. Reason: This A$$ owes me an apology.
02-09-2015 | 12:49 PM
Gets Weekends Off
Joined: Mar 2008
Posts: 2,919
Likes: 0
02-09-2015 | 12:53 PM
ATL A320 B
Joined: Oct 2009
Posts: 238
Likes: 0
From: No longer MEM or 9, but still a guy.
I am taking a break from this thread. It has become very toxic and hateful...
02-09-2015 | 12:55 PM
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
Likes: 0
From: 777B
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