You have it exactly right. The underlined part has already begun. Most are too blind to see it.

On an unrelated note (cough), does Dartmouth offer refunds?

:D:D:D

(Sorry, it was a very cheap shot but I couldn't resist.)

And Mr. new hire is going to be making more as a 3rd year F/O than I was as a 12 the year NB capt just 6 years ago. This isn't about pity or sympathy. Simply education.

It's sad to see a viewpoint of someone so junior displaying the "i'm entitled" mentality made even worse by disparaging someone who endured nearly a 50% pay cut, loss of pension, ESOP, work rules, seniority, benefits, etc etc. Fortunately, his mentality is in the minority.

This is correct.

Also note that there is an IRS max limit for combined personal and company contributions ($54K/$60K).

Profit sharing is considered a bonus and is subject to automatic maximum tax withholding. Regardless of the withholding the total income tax burden for the year is calculated as part of one's return so it all comes out as applicable in the end.

It's bound to happen. Stack that cheese and put it in a safe place folks.

I don't see it that way. It didn't seem like anyone was displaying an entitled mentality.

While some of the older guys were enduring furloughs, pay cuts, etc..., others were enduring regional pay and hours, some were enduring NO jobs, and others were enduring deployments beyond belief.

Stop beating each other up.

We should be paid more. We should have better reserve rules. We should share in profits, even if you've only worked here a month, let alone 11 1/2 months.

We should be working not only to better our profession, but ALSO our company. Too quick to judge and too much hostility on this forum.

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Sounds like you need the safe space and coloring book..... we all feel bad you were only making $130000 a year ������. Move on....

It does suck for guys that have 10/11 months of service and miss the profit sharing.

^^^^^^^^^^^^

The second sentence if used alone, has my sympathy. When combined with the first, it diminishes the value of the true issue at hand. It attempts to portray the junior pilot as a victim and not receiving what others did. Ergo, entitlement.

It is what it is. I didn't complain when the number one sUAL Capt received another five years in his -400 seat. I didn't complain when the top half to third of each list wasn't bumped. When someone espouses issues like this, they should be called out for it.

ST

Profit Sharing Predictions
 

My apologies to you and others who have been here at UAL and went thru 10 years of bankruptcy at reduced wages regarding my careless post. I didn't mean to come across entitled, but I should of worded it differently. I respect the fact that you and others made major sacrifices here after 9/11 and happy that You all have paved a way to have a nice career at UAL.

My background just so you know my story. I'm not a Millennial. I grew up in a "real" non scab EAL family so I'm very familiar with the plight of this industry 1970s-80's. I was hired at UAL at age 49. It took me 25 plus years to finally land a job at a Legacy carrier. I spent 6 years at 2 different regionals in the early 90's. My first regional job was $900/mo salary. Left there after a year due to the horrible pay. The second ALPA represented regional I made no more than $30k/yr for 4 years then furloughed in 1994 due to Mesa Airlines purchase of aircraft assets. I continued paying ALPA dues as a non-active participant for the next 18 years because I believe in Union protection even though I left 121 flying for corporate to make a liveable wage as a pilot. Corporate Aviation wasn't much better and I never made much more than 80-90K and that was the last few years prior to taking this job. The benefits and retirement were non existent.
Currently, I have 2 daughters in college and paying for my 88 year old mother who has Alzheimer's in assisted living.

My intention was...I could really use the profit sharing money to help out.

Again, my apologies for my post.[/QUOTE]




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Say what???? The IRS has nothing to do with who gets paid by an employer or how or whence how much. The IRS just wants their cut. Did you just pull that out of your ass? Deltas going to be in deep shyte when the IRS find out new hires are getting PS.