DAL Poolie Info
01-02-2016 | 09:24 AM
#5881
Gets Weekends Off
Joined: May 2015
Posts: 441
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From: everywhere but nowhere
For those that have been through indoc, I'm curious how profit sharing is calculated.
Looking at quarterly reports, it looks like Delta made around $3.6 billion in pre-tax income for 2015. Based off the current TA, $470 mil should be the PS for all employees. For a first year pilot making $70K in 2015, how would you calculate their profit share?
Looking at quarterly reports, it looks like Delta made around $3.6 billion in pre-tax income for 2015. Based off the current TA, $470 mil should be the PS for all employees. For a first year pilot making $70K in 2015, how would you calculate their profit share?
I can't answer how the percentage is calculated, however, an email a few days ago from the company said it would above 21%.
So, add these paycheck lines together. FLT ADV, FLT PAY, and REGULAR. That represents what the final PS percentage is multiplied against to get your base payout.
Take out 25% Fed withholding, your state taxes, 7.65% FICA taxes, ALPA's 1.85%, and DPMA dues. Add in deductions for 401k and HSA contributions and you'll get a good picture of what you'll take home.
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01-02-2016 | 12:04 PM
#5882
Swimmer
Joined: Apr 2014
Posts: 100
Likes: 0
From: A300 FO, C-130 Pilot
I can't answer how the percentage is calculated, however, an email a few days ago from the company said it would above 21%.
So, add these paycheck lines together. FLT ADV, FLT PAY, and REGULAR. That represents what the final PS percentage is multiplied against to get your base payout.
Take out 25% Fed withholding, your state taxes, 7.65% FICA taxes, ALPA's 1.85%, and DPMA dues. Add in deductions for 401k and HSA contributions and you'll get a good picture of what you'll take home.
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So, add these paycheck lines together. FLT ADV, FLT PAY, and REGULAR. That represents what the final PS percentage is multiplied against to get your base payout.
Take out 25% Fed withholding, your state taxes, 7.65% FICA taxes, ALPA's 1.85%, and DPMA dues. Add in deductions for 401k and HSA contributions and you'll get a good picture of what you'll take home.
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iOS 8.1
Thanks for the info. If anyone knows how the percentage is calculated from pre-tax income, let me know. I know it involves 10% of profit up to $2.5 bil then 20% of any profit over $2.5 bil. I think all that goes back to the employees, but not sure how that works out to the actual percentages above.
01-02-2016 | 12:14 PM
#5883
Gets Weekends Off
Joined: Jan 2013
Posts: 136
Likes: 0
From: DL
Thanks for the info. If anyone knows how the percentage is calculated from pre-tax income, let me know. I know it involves 10% of profit up to $2.5 bil then 20% of any profit over $2.5 bil. I think all that goes back to the employees, but not sure how that works out to the actual percentages above.
01-02-2016 | 12:16 PM
#5884
Gets Weekends Off
Joined: May 2015
Posts: 441
Likes: 0
From: everywhere but nowhere
Thanks for the info. If anyone knows how the percentage is calculated from pre-tax income, let me know. I know it involves 10% of profit up to $2.5 bil then 20% of any profit over $2.5 bil. I think all that goes back to the employees, but not sure how that works out to the actual percentages above.
You don't trust ALPA to figure it out for you?!
Sarcasm..just to be clear.
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01-02-2016 | 03:28 PM
#5885
Looking for a laugh
Joined: Feb 2008
Posts: 4,099
Likes: 0
I can't answer how the percentage is calculated, however, an email a few days ago from the company said it would above 21%.
So, add these paycheck lines together. FLT ADV, FLT PAY, and REGULAR. That represents what the final PS percentage is multiplied against to get your base payout.
Take out 25% Fed withholding, your state taxes, 7.65% FICA taxes, ALPA's 1.85%, and DPMA dues. Add in deductions for 401k and HSA contributions and you'll get a good picture of what you'll take home.
Sent from my iPhone using Tapatalk
iOS 8.1
So, add these paycheck lines together. FLT ADV, FLT PAY, and REGULAR. That represents what the final PS percentage is multiplied against to get your base payout.
Take out 25% Fed withholding, your state taxes, 7.65% FICA taxes, ALPA's 1.85%, and DPMA dues. Add in deductions for 401k and HSA contributions and you'll get a good picture of what you'll take home.
Sent from my iPhone using Tapatalk
iOS 8.1
01-02-2016 | 03:33 PM
#5886
Looking for a laugh
Joined: Feb 2008
Posts: 4,099
Likes: 0
Thanks for the info. If anyone knows how the percentage is calculated from pre-tax income, let me know. I know it involves 10% of profit up to $2.5 bil then 20% of any profit over $2.5 bil. I think all that goes back to the employees, but not sure how that works out to the actual percentages above.
01-02-2016 | 06:01 PM
#5887
Gets Weekends Off
Joined: May 2015
Posts: 441
Likes: 0
From: everywhere but nowhere
DAL Poolie Info
Regular is for those in initial training, i.e. New hires. It is, in fact, included in the calculation. I started 12/9/14. Was on the training pay well into Feb 2015. My entire class got profit sharing checks based on the REGULAR line item for the last 22 days in 2014.
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Last edited by TNDeltaFlyboy; 01-02-2016 at 06:20 PM.
01-03-2016 | 02:33 PM
#5889
Looking for a laugh
Joined: Feb 2008
Posts: 4,099
Likes: 0
Regular is for those in initial training, i.e. New hires. It is, in fact, included in the calculation. I started 12/9/14. Was on the training pay well into Feb 2015. My entire class got profit sharing checks based on the REGULAR line item for the last 22 days in 2014.
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