LCAL Profit Sharing 2011 Possibility
#31
Gets Weekends Off
Joined APC: Feb 2011
Posts: 215
You are correct that UAL pilots are covered by their own Profit sharing Plan that still exists in their CBA.
Exhibit C {of LOA 05-02 UAL CBA}
Profit Sharing
Effective Date of Profit
Sharing Plan
Profit Sharing
Effective Date of Profit
Sharing Plan
Pre-Tax Earnings UAL consolidated net income as determined in accordance with GAAP, but excluding (i) consolidated federal, state and local income tax expense (or credit); (ii) unusual, special, or non-recurring charges, (iii) charges with respect to the grant, exercise or vesting of equity, securities or options granted to UAL and United employees, and (iv) expense associated with the profit sharing contributions.
Eligibility All domestic employees of UAL Corp. or United Airlines, Inc. (including all pilots) who have completed one year of service as of December 31st of the year for which Pre-Tax Earnings are being measured.
Allocation For each eligible employee, a pro rata share of the Profit Sharing Pool for each calendar year based on the ratio of the employee's Considered Earnings for the year to the aggregate amount of Considered Earnings for all eligible employees that year.
The T&PA didn't make any changes to the UAL Profit Sharing Plan. It did however change the CAL Profit Sharing Plan which had expired.
Section 8 {of T&PA}
Continental Profit Sharing
Continental Profit Sharing
The CAL pilots are only covered for the 2010 year not the 2011 year since their provision in their CBA expired. That's their rub as I understand it. There would be a possible violation of the Status Quo if any employee group (ie CAL pilots) were given additional compensation outside of their CBA (without agreement by the parties thru an amended T&PA). Reference the ATLAS Air pilots and Polar Air pilots in their quest for a merged JCBA.
The UAL-MEC didn't change the current Profit Sharing in the current UAL CBA which is why UAL pilots are still getting it and CAL pilots are not..
#32
The T&PA didn't make any changes to the UAL Profit Sharing Plan. It did however change the CAL Profit Sharing Plan which had expired.
Coach67, I agree there is problem with giving one group a check beyond their CBA while everyone else has to live within the bounds of their contract. And it's not just the pilots. Anyone can make the same complaint.
It is shameful that CAL pilots voted in the contract that they did, including sunset of profit sharing, no snap backs, PBS--you name it, but they did. At some point they've got to stop working around the margins and just stand up and go get a real contract.
Last edited by APC225; 12-12-2011 at 10:00 AM.
#33
Line Holder
Joined APC: Jun 2011
Posts: 73
That was my understanding.
Coach67, I agree there is problem with giving one group a check beyond their CBA while everyone else has to live within the bounds of their contract. And it's not just the pilots. Anyone can make the same complaint.
It is shameful that CAL pilots voted in the contract that they did, including sunset of profit sharing, no snap backs, PBS--you name it, but they did. At some point they've got to stop working around the margins and just stand up and go get a real contract.
Coach67, I agree there is problem with giving one group a check beyond their CBA while everyone else has to live within the bounds of their contract. And it's not just the pilots. Anyone can make the same complaint.
It is shameful that CAL pilots voted in the contract that they did, including sunset of profit sharing, no snap backs, PBS--you name it, but they did. At some point they've got to stop working around the margins and just stand up and go get a real contract.
#34
It's shameful UCAL mgmt won't negotiate in good faith for a new contract. Both pilot groups are fighting with both hands tied behind their back, and mgmt knows this. Quit blaming labor for mgmt's lack of leadership (and for that matter ALPA's leadership). Contract 02' is a disaster, but unless you were on property here at the time move on.
Last edited by APC225; 12-12-2011 at 12:18 PM.
#35
Line Holder
Joined APC: Jun 2011
Posts: 73
" I was" ? did you find greener pastures? I don't mean to get personal, but when people Monday morning quarter back it gets to me. The last 12 years has been a very trying time for labor.
#36
#37
Line Holder
Joined APC: Jun 2011
Posts: 73
#38
Yes it has. UAL, BK. NWA, BK. DAL BK. All had pay, benefits and work rules taken away by corporate thieves and a judge. CAL, not BK. We gave it away, and far more than the others had taken away by force. In 2010 UAL pilots got 13% more in pay and benefits than CAL pilots. DAL pilots 22% more.
And back to the thread topic, they all have contractual profit sharing while we go begging for a piece of the pie--and give away what? in the process. They have better BK contracts than we've ever had outside of BK. We are "United" now. If there were ever a time for us to get off the mat it is now.
And back to the thread topic, they all have contractual profit sharing while we go begging for a piece of the pie--and give away what? in the process. They have better BK contracts than we've ever had outside of BK. We are "United" now. If there were ever a time for us to get off the mat it is now.
#39
Line Holder
Joined APC: Jun 2011
Posts: 73
Yes it has. UAL, BK. NWA, BK. DAL BK. All had pay, benefits and work rules taken away by corporate thieves and a judge. CAL, not BK. We gave it away, and far more than the others had taken away by force. In 2010 UAL pilots got 13% more in pay and benefits than CAL pilots. DAL pilots 22% more.
And back to the thread topic, they all have contractual profit sharing while we go begging for a piece of the pie--and give away what? in the process. They have better BK contracts than we've ever had outside of BK. We are "United" now. If there were ever a time for us to get off the mat it is now.
And back to the thread topic, they all have contractual profit sharing while we go begging for a piece of the pie--and give away what? in the process. They have better BK contracts than we've ever had outside of BK. We are "United" now. If there were ever a time for us to get off the mat it is now.
It makes no sense to leave "one" employee group out of the profit sharing pool. If the shoe were on the other foot and the UA pilot side wasn't getting profit sharing because mgmt hasn't sighned a JCBA (assuming the contract has profit sharing) yet, I would hope they would receive it.
But, my eye is on the ball. JCBA #1 priority for this CAL guy. Profit sharing be damned......
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