Any "Latest & Greatest" about Delta?
09-24-2014, 07:47 AM
Gets Weekends Off
Joined APC: Apr 2010
Position: B737 FO
Posts: 167
This is my guess. If we have an exceptional Q3 & Q4, the profit sharing pot could push $1 bln. Might be a Wall Street psychological thing. My other guess would be some kind of tax advantage to paying out this year rather than next. Either way I'm ok with it and I will look forward to a few dollars extra in Oct.
09-24-2014, 07:54 AM
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,907
Are we sure this Oct payment will include the pilots?
09-24-2014, 07:55 AM
Gets Weekends Off
Joined APC: Mar 2009
Position: Guppy Whisperer
Posts: 103
09-24-2014, 07:57 AM
Gets Weekends Off
Joined APC: Feb 2007
Posts: 1,057
If I recall correctly, don't we usually have to elect what % of our PS is to go to our retirement accounts? Seems this is fairly short notice (Oct 3).
It would be nice if ALPA would put something out on the subject and include the current estimated % of 2014 earnings that our total PS is likely to be. I'm sure they are working on something since this just came out.
I couldn't click on the FAQs because I'm not on a Delta computer. Maybe all of that is covered there.
It would be nice if ALPA would put something out on the subject and include the current estimated % of 2014 earnings that our total PS is likely to be. I'm sure they are working on something since this just came out.
I couldn't click on the FAQs because I'm not on a Delta computer. Maybe all of that is covered there.
09-24-2014, 08:06 AM
Gets Weekends Off
Joined APC: Dec 2008
Posts: 272
If I recall correctly, don't we usually have to elect what % of our PS is to go to our retirement accounts? Seems this is fairly short notice (Oct 3).
It would be nice if ALPA would put something out on the subject and include the current estimated % of 2014 earnings that our total PS is likely to be. I'm sure they are working on something since this just came out.
I couldn't click on the FAQs because I'm not on a Delta computer. Maybe all of that is covered there.
It would be nice if ALPA would put something out on the subject and include the current estimated % of 2014 earnings that our total PS is likely to be. I'm sure they are working on something since this just came out.
I couldn't click on the FAQs because I'm not on a Delta computer. Maybe all of that is covered there.
09-24-2014, 08:22 AM
Gets Weekends Off
Joined APC: Oct 2010
Position: Decoupled
Posts: 922
You have to read the fine print.
Employee Eligibility
Most employees worldwide are eligible for the Delta Profit Sharing Plan. Officers, managing directors, directors and general managers (grade 11) are not eligible for the profit sharing plan. Neither are contractors, student workers such as co-ops and interns, and Delta Community Credit Union employees. Finally, employees based in countries or territories that have government-mandated or collectively bargained profit sharing programs are not eligible for the Delta Profit Sharing Plan.
I think that we are covered under collectively bargained profit sharing. Therefore, my interpretation is we probably won't participate.
Employee Eligibility
Most employees worldwide are eligible for the Delta Profit Sharing Plan. Officers, managing directors, directors and general managers (grade 11) are not eligible for the profit sharing plan. Neither are contractors, student workers such as co-ops and interns, and Delta Community Credit Union employees. Finally, employees based in countries or territories that have government-mandated or collectively bargained profit sharing programs are not eligible for the Delta Profit Sharing Plan.
I think that we are covered under collectively bargained profit sharing. Therefore, my interpretation is we probably won't participate.
09-24-2014, 08:31 AM
Gets Weekends Off
Joined APC: Apr 2010
Position: B737 FO
Posts: 167
You have to read the fine print.
Employee Eligibility
Most employees worldwide are eligible for the Delta Profit Sharing Plan. Officers, managing directors, directors and general managers (grade 11) are not eligible for the profit sharing plan. Neither are contractors, student workers such as co-ops and interns, and Delta Community Credit Union employees. Finally, employees based in countries or territories that have government-mandated or collectively bargained profit sharing programs are not eligible for the Delta Profit Sharing Plan.
I think that we are covered under collectively bargained profit sharing. Therefore, my interpretation is we probably won't participate.
Employee Eligibility
Most employees worldwide are eligible for the Delta Profit Sharing Plan. Officers, managing directors, directors and general managers (grade 11) are not eligible for the profit sharing plan. Neither are contractors, student workers such as co-ops and interns, and Delta Community Credit Union employees. Finally, employees based in countries or territories that have government-mandated or collectively bargained profit sharing programs are not eligible for the Delta Profit Sharing Plan.
I think that we are covered under collectively bargained profit sharing. Therefore, my interpretation is we probably won't participate.
From the PWA:
Accrue annually; award to be paid within 30 calendar days after
the date on which the Company’s annual audited consolidated
financial statements are released. Such statements are typically
released in late January but payment under the profit sharing plan
will typically occur on February 14th.
09-24-2014, 08:34 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
09-24-2014, 08:36 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
In case I didn't mention it today, I really don't like capped reserve days.
09-24-2014, 08:38 AM
Wind the clock beoch
Joined APC: May 2012
Posts: 437
What are you willing to give up for that? 
Seriously though, normally $ early is a good thing but I like to use my profit sharing dollars to fill up my 401(k) for the year in one fell swoop.
If we're not included on the early $ I'm indifferent. If pilots are also included as "eligible employees" then I guess another alternative would be to bank the money and then put 100% of the first couple of checks in January until you reach the max.
Someone asked the question whether we could make the early profit sharing check as a contribution towards next year's 401(k). Not positive on that but I'm pretty sure the answer is no.
Seriously though, normally $ early is a good thing but I like to use my profit sharing dollars to fill up my 401(k) for the year in one fell swoop.
If we're not included on the early $ I'm indifferent. If pilots are also included as "eligible employees" then I guess another alternative would be to bank the money and then put 100% of the first couple of checks in January until you reach the max.
Someone asked the question whether we could make the early profit sharing check as a contribution towards next year's 401(k). Not positive on that but I'm pretty sure the answer is no.
Thread
Thread Starter
Forum
Replies
Last Post
