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-   -   Profit Sharing 2013 (https://www.airlinepilotforums.com/united/79409-profit-sharing-2013-a.html)

P Tang 02-12-2014 03:58 PM

From the Profit Sharing Elections Page:



United will announce 2013 year-end results at the end of January 2014. In the event we post a profit for 2013, we would like to offer eligible co-workers the opportunity to contribute a percentage of profit sharing payments to your company-sponsored retirement savings account (e.g., 401(k) or PDAP or UK Group Stakeholder Plan). Co-workers with less than one year of service as of December 31, 2013, Directors and above as well as some other positions are not eligible for profit sharing and should not submit entries on this website, as they will not receive profit sharing.



Good thing I didn't spend that money!

CRM114 02-12-2014 04:37 PM


Originally Posted by P Tang (Post 1580059)
From the Profit Sharing Elections Page:



United will announce 2013 year-end results at the end of January 2014. In the event we post a profit for 2013, we would like to offer eligible co-workers the opportunity to contribute a percentage of profit sharing payments to your company-sponsored retirement savings account (e.g., 401(k) or PDAP or UK Group Stakeholder Plan). Co-workers with less than one year of service as of December 31, 2013, Directors and above as well as some other positions are not eligible for profit sharing and should not submit entries on this website, as they will not receive profit sharing.



Good thing I didn't spend that money!


Crap. Sorry new guys, that sucks. My apologies to Mrmak2, you were right, I was wrong.

mrmak2 02-12-2014 05:15 PM


Originally Posted by CRM114 (Post 1580110)
Crap. Sorry new guys, that sucks. My apologies to Mrmak2, you were right, I was wrong.

No need for apologies, I was hoping you'd found a loophole (I'm a new guy)

El10 02-12-2014 06:02 PM

Why do I see this being yet one more think that they royally mess up for the returning guys that were on furlough.

pilotgolfer 02-12-2014 06:28 PM


Originally Posted by P Tang (Post 1580059)
From the Profit Sharing Elections Page:



United will announce 2013 year-end results at the end of January 2014. In the event we post a profit for 2013, we would like to offer eligible co-workers the opportunity to contribute a percentage of profit sharing payments to your company-sponsored retirement savings account (e.g., 401(k) or PDAP or UK Group Stakeholder Plan). Co-workers with less than one year of service as of December 31, 2013, Directors and above as well as some other positions are not eligible for profit sharing and should not submit entries on this website, as they will not receive profit sharing.



Good thing I didn't spend that money!


This contradicts what happened last year.

I returned to the Cal side Sept 2012. I got paid a small amount of profit sharing for the year based on my earnings those 3.5 months I was there.

IMO, the money should be paid as a percentage of your earnings...period. I think that one year of service BS was meant to exclude new hires. I don't agree with that in principle...but it should definitely not apply to a U-hire that is returning.

CRM114 02-12-2014 07:53 PM


Originally Posted by mrmak2 (Post 1580151)
No need for apologies, I was hoping you'd found a loophole (I'm a new guy)

Yeah I do owe you an apology, I came across as a dilwad in that first post. Sorry about that, I really wanted a better answer too.

SKMarz 02-12-2014 09:48 PM

Has anyone either actually received the direct deposit or an actual check yet?

guppyflyer 02-13-2014 05:07 AM


Originally Posted by SKMarz (Post 1580362)
Has anyone either actually received the direct deposit or an actual check yet?

I can see the pending deposit in my bank account for tomorrow.

teedog 02-13-2014 06:07 AM

How are they handling the furloughed pilots that returned during the year?

Regularguy 02-13-2014 06:30 AM

I have to assume they will not deposit money without cutting some form aof check first. Since there is not a PS check in my online file as of this morning I have to also assume the "pending deposit" is just regular pay.

Hope I'm wrong.


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