Profit Sharing Time - Page 5 - Airline Pilot Central Forums

#41

Scooter432 , 01-02-2020 11:17 AM

New Hire

Quote:

Originally Posted by sailingfun

The pot is divided by the employee total payroll to arrive at the percentage of the payout. If that payroll increases due to pay raises, overtime or a increase in employee headcount the percentage paid will drop. This year the increase in the profit sharing pool will be more than enough to offset the increase in wages however not to the extent many think. I am still thinking 16.3%.
This thread is starting to sound a bit like the augmented domestic flights where many here tried to argue it was cheaper to fly transcons with 3 pilots vice two.

Agreed.. great analogy. It cost us a lot to staff this past summer and the past few weeks around the holidays. It’s still an impressive number that my wife will be more than happy with.

#42

GucciBoy , 01-02-2020 11:28 AM

Gets Weekends Off

Quote:

Originally Posted by JamesBond

the .gov gets all of mine. It's a good problem but it still sucks.

#43

tripled , 01-02-2020 01:38 PM

Gets Weekends Off

He saying why work harder to earn extra profit sharing when the government just takes that money away in the form of taxes

#44

Broncos , 01-02-2020 03:54 PM

Gets Weekends Off

Quote:

Originally Posted by AirbusPTC

Originally Posted by AirbusPTC View Post
Profit Sharing payout history:

2006: 0
2007: 5.5%
2008: 0
2009: 0
2010: 6.5%
2011: 4.9%
2012: 6.7%
2013: 8.3%
2014: 16.6%
2015: 21.46%
2016: 17.81%
2017: 15.10%
2018: 14.1%

I'd like to say you beat me to it, but I didn't have the earlier data, so thanks!

#45

Broncos , 01-02-2020 03:56 PM

Gets Weekends Off

Quote:

Originally Posted by RightSide

When do we normally find out the percentage? If I remember, wasn’t it mid January last year?

Same day as 4th quarter earnings release.

#46

james014 , 01-02-2020 07:13 PM

Line Holder

17.48........

#47

Go Cards go , 01-02-2020 08:22 PM

Gets Weekends Off

Earnings release is Jan 14th. I think we will find out then. My guess is 15.25%

#48

StartngOvr , 01-03-2020 04:44 AM

Gets Weekends Off

How is DPSP Cash and/or DPSP Cash Plus treated with regards to profit sharing? Is it ignored from the calculation?
This is the first year I’ve had a significant amount in those buckets.

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#49

CBreezy , 01-03-2020 06:04 AM

Gets Weekends Off

Quote:

Originally Posted by StartngOvr

I'm pretty sure PS is only based on flight pay and advance

#50

crewdawg , 01-03-2020 06:10 AM

Super Moderator

FLT ADV + FLT PAY + Regular pay (newhires).

Quote:
Annual Compensation means a pilot’s gross earnings for the plan year, including, for example:
· Flight pay
· Vacation pay
· Sick pay
· Accident leave pay
· Furlough pay
· Regular pay (entry-level pilots)

Annual Compensation does not include:
· Expense or relocation reimbursements, including per diem
· Imputed income to the pilot for any reason pursuant to federal, state or local law
· Shared Rewards or any Profit Sharing Plan payouts related to prior years
· Company retirement program contributions (this includes any DPSP contributions received as ordinary income due to reaching company or 415c contribution limits)
· Income from the grant, vesting, exercise or sale of Delta stock or Delta stock options
· Delta Pilot Mutual Aid (DPMA) payments
· Disability payments
· Medical plan reimbursements