Gary’s farewell gift!
01-06-2023 | 09:35 PM
#12
Line Holder
Joined: Dec 2017
Posts: 1,122
Likes: 101
From: 737 FO
Amen. The accountants will manipulate the profit sharing amount and the denominator that it gets paid out to in whatever manner benefits them best. The one number they can't change after they agree to it is a ginormous hourly rate coupled to a high minimum guarantee.
FUPM, d0uchebags.
01-07-2023 | 02:04 AM
#13
Gets Weekends Off
Joined: Jun 2010
Posts: 7,573
Likes: 283
From: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Amen. The accountants will manipulate the profit sharing amount and the denominator that it gets paid out to in whatever manner benefits them best. The one number they can't change after they agree to it is a ginormous hourly rate coupled to a high minimum guarantee.
FUPM, d0uchebags.
FUPM, d0uchebags.
01-07-2023 | 05:56 AM
#14
Line Holder
Joined: Nov 2015
Posts: 1,364
Likes: 145
I wasn't planning on profit sharing since all my cohearts voted to force me to put it into a retirement account I can't use for another decade. A small part of me is thinking "If I can't get it, nobody should". Does that make me a bad person, or just still mad that my coworkers keep voting to put PS into an account where I can't use it?
01-07-2023 | 06:44 AM
#15
Line Holder
Joined: Jun 2014
Posts: 216
Likes: 14
I wasn't planning on profit sharing since all my cohearts voted to force me to put it into a retirement account I can't use for another decade. A small part of me is thinking "If I can't get it, nobody should". Does that make me a bad person, or just still mad that my coworkers keep voting to put PS into an account where I can't use it?
Oh wait, I'd like to buy a vowel: T_CH D_BT
01-07-2023 | 12:35 PM
#16
Gets Weekends Off
Joined: Nov 2012
Posts: 2,030
Likes: 0
I wasn't planning on profit sharing since all my cohearts voted to force me to put it into a retirement account I can't use for another decade. A small part of me is thinking "If I can't get it, nobody should". Does that make me a bad person, or just still mad that my coworkers keep voting to put PS into an account where I can't use it?
It’s not sensible to think that because PS is deferred you’re not getting any. As a new hire I hoped to have the extra cash, but not being allowed to spend it has been more beneficial, increasing my present wealth and providing for my future.
However, we should each have our own choice and not let the company use “IRS rules” as an excuse for their tech debt, especially when other companies allow the employees to make individual choices.
01-07-2023 | 10:02 PM
#17
Gets Weekends Off
Joined: Oct 2006
Posts: 3,655
Likes: 301
It’s not sensible to think that because PS is deferred you’re not getting any. As a new hire I hoped to have the extra cash, but not being allowed to spend it has been more beneficial, increasing my present wealth and providing for my future.
However, we should each have our own choice and not let the company use “IRS rules” as an excuse for their tech debt, especially when other companies allow the employees to make individual choices.
However, we should each have our own choice and not let the company use “IRS rules” as an excuse for their tech debt, especially when other companies allow the employees to make individual choices.
The way it was structured nearly 50 years ago, there was no individual choice.
Delta and other OAL’s PS programs are decades newer and structured with an individual choice.
FWIW, I got cash back by yr 3.
01-08-2023 | 04:04 AM
#18
Gets Weekends Off
Joined: Jan 2008
Posts: 467
Likes: 0
From: Couch-Horizontal
I wasn't planning on profit sharing since all my cohearts voted to force me to put it into a retirement account I can't use for another decade. A small part of me is thinking "If I can't get it, nobody should". Does that make me a bad person, or just still mad that my coworkers keep voting to put PS into an account where I can't use it?
01-08-2023 | 05:41 AM
#19
Thread Starter
Gets Weekends Off
Joined: Nov 2022
Posts: 195
Likes: 0
SWA’s PS WAS the retirement program back in the 70’s. OAL’s had pensions, SWA never did.
The way it was structured nearly 50 years ago, there was no individual choice.
Delta and other OAL’s PS programs are decades newer and structured with an individual choice.
FWIW, I got cash back by yr 3.
The way it was structured nearly 50 years ago, there was no individual choice.
Delta and other OAL’s PS programs are decades newer and structured with an individual choice.
FWIW, I got cash back by yr 3.
Only way to pull it off is credit 140 plus a month AND be over age 50 and MAX out the 401K contributions. Or be super senior or a captain. Run the math at guarantee and see when you get cash back?
I want 50 percent pay raise and they can keep the crappy PS that doesn’t pay out most of the time. Dump the SWAG points and RR points also, just pay me cold hard cash.
Thread
Thread Starter
Forum
Replies
Last Post
