Quote:
Originally Posted by OOfff
If the pools are determined by x% of PTIX, there’s no guarantee that pool A (pilots) distributed over our weighted salaries matches pool B’s distribution over a different group of weighted salaries. Pool size is fixed, not salary percentage.
There is only one pool now since they brought the non contract employees back to a single shared plan in Q4 2017. The pool for everyone is 10% of PTIX up to $2.5B and 20% of PTIX above $2.5B.
Each employees individual basis is calculated by the percentage of their eligible wages divided by the total eligible wages for all participants. From the PWA:
Quote:
Originally Posted by PWA
Individual employee’s annual compensation in the year in which
the PTIX was earned as a percentage of total annual compensation
for that year for all employees eligible for (a) the Delta Air Lines,
Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc.
Annual Profit Sharing Plan for Ground and Flight Attendant
Employees.
This language has not been updated to show the other groups on the same plan but that would have no effect on its application. The math simplifies to say that your PS is equal to your wages time the ratio of the PS pool divided by the total wages of all employees. That ratio is the PS % that is published by the company and it will be the same for everyone this year. PS was also the same for all employees in the years before they split the non-cons to a different profit pool.