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As a year two FO, I am pretty certain I can pay for a meal at Red Lobster this year with my PS, not just make a down payment on it.
For myself, of course. |
Today’s Corporate Communications email highlights “Retirement Plus”. That’s a big build up for the Q3 earnings let down that is on its way. Funny that UAL beat and boosted futures. Must be we’re buying jet fuel from the Mobil Mart and not the Road Runner. Also, our pilot CBA is killing us compared to UAL’s pilot salaries. Standby, because Robin is going to cry these pains out to the world in 3......2......1......EARNINGS CALL!
-Bubs |
Better question would be how big are the ELT bonuses this year?
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We will not get profit sharing this year. We only get profit sharing if the profit sharing pot exceeds a collective 5% of qualified pay. Last year, that number was about $70 million. It's higher this year. Last year, pre tax profit was about $730 million, net of special items. 10% of that was $73 million, minus the 5% cliff of $70 million, meant we got $3 million distributed to the whole company. It was about 0.2% of your income. What an incentive.
In order to get anything, we need to have a pre tax income that exceeds 10 times that higher-than-$70 million figure. I don't think we'll see that so we'll get nothing. But Blue, you say, the company "already" gave us that 5% in our 401k, so aren't you being unfair? No. We get an industry standard 15-16% 401k contribution, finally. Industry standard does not include double-counted profit sharing contributions, matches, or any other company benefits, just retirement. Any other benefit should be above and beyond the standard retirement contribution, not bundled into it. No, I'm not bitter. /s |
Classic blueJet
Reinvent language Now math. If you don’t agree then you are the problem. 100% cult like behavior. |
Originally Posted by Blue Dude
(Post 2907837)
We will not get profit sharing this year. We only get profit sharing if the profit sharing pot exceeds a collective 5% of qualified pay. Last year, that number was about $70 million. It's higher this year. Last year, pre tax profit was about $730 million, net of special items. 10% of that was $73 million, minus the 5% cliff of $70 million, meant we got $3 million distributed to the whole company. It was about 0.2% of your income. What an incentive.
In order to get anything, we need to have a pre tax income that exceeds 10 times that higher-than-$70 million figure. I don't think we'll see that so we'll get nothing. But Blue, you say, the company "already" gave us that 5% in our 401k, so aren't you being unfair? No. We get an industry standard 15-16% 401k contribution, finally. Industry standard does not include double-counted profit sharing contributions, matches, or any other company benefits, just retirement. Any other benefit should be above and beyond the standard retirement contribution, not bundled into it. No, I'm not bitter. /s We will get nothing but emails saying save money and keep trying. Maybe we can get it next year. It’s a joke |
No.
It was ratified. The only joke is voting for codifying a zero then complaining about it. |
Originally Posted by BlueJetDork
(Post 2908588)
No.
It was ratified. The only joke is voting for codifying a zero then complaining about it. |
No it was about 20k last year alone.
You voted for it so **** about not getting it for the next decade. |
Originally Posted by BlueJetDork
(Post 2908588)
No.
It was ratified. The only joke is voting for codifying a zero then complaining about it. Will we see you on the NC? Or is that only if all the sessions are held on the west coast? |
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