DAL PS estimate on Deltanet
01-10-2016, 07:32 AM
#51
Gets Weekends Off
Joined APC: Jun 2007
Position: Captain Jack
Posts: 1,003
Originally Posted by Justdoinmyjob
Yes, just add FLT PAY and FLT PAY ADVANCE to get the number you need. PS isn't paid on anything else. Unless you're a new hire. Then add in REGULAR pay too. That's it.
Just an observation, but how come we seem to have these same posts every year from guys who aren't new hires? How long has the company been paying out PS? It hasn't changed since day one. I would think if you've been here more than a year, you'd be familiar with how it works.
Just an observation, but how come we seem to have these same posts every year from guys who aren't new hires? How long has the company been paying out PS? It hasn't changed since day one. I would think if you've been here more than a year, you'd be familiar with how it works.
01-10-2016, 07:56 AM
#54
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Originally Posted by GogglesPisano
So if you wanted to save for retirement after these limits are reached, what are the best options? Just buying mutual fund shares with cash?
01-10-2016, 10:47 AM
#58
Gets Weekends Off
Joined APC: Jun 2015
Position: 320/A
Posts: 879
Originally Posted by Justdoinmyjob
Just an observation, but how come we seem to have these same posts every year from guys who aren't new hires? How long has the company been paying out PS? It hasn't changed since day one. I would think if you've been here more than a year, you'd be familiar with how it works.
To answer your question, meaningful profit sharing has been around for a small portion of my career (hence my resistance to going backwards). And like many pilots, I cannot explain every line item on my paycheck or statement. When a pay question arises, I need to do a little digging.
Maybe it hasn't changed from "day one," but some of us need a little help figuring it out. In my view, one thing changed this year. We received the JV scope settlement. I know why PS isn't paid on it: because the PS formula is written in a fashion that does not provide for it. Nonetheless, it's counterintuitive that a payment for lost wage earning opportunities is excluded from profit sharing.
I am "familiar" but not an expert. Again, info provided here is appreciated.
01-10-2016, 11:43 AM
#59
Gets Weekends Off
Joined APC: Jun 2007
Position: 7ER Capt
Posts: 461
As far as taxes/fees, I've always had about 37% withheld... that's the number I use and it gets me within a couple of hundred bucks of the actual in Feb....
If you're going for the cash to pay down debt... mortgage, college, etc.
If you're going for the cash to pay down debt... mortgage, college, etc.
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