Airlines May See Record Q3 Earnings - Barrons
10-15-2014, 10:00 AM
#22
Gets Weekends Off
Joined APC: Feb 2011
Posts: 215
3-H-2
For profit-sharing based on the years 2012 and 2013, the Company profit sharing plan shall be funded with fifteen percent (15%) of pre-tax profit.
3-H-3
For profit-sharing based on the years 2014 and beyond, the Company profit sharing
plan shall be funded with ten percent (10%) of pre-tax profit up to a pre-tax margin of six and nine-tenths percent (6.9%) plus twenty percent (20%) of pre-tax profit in excess of a pre-tax margin of six and nine-tenths percent (6.9%).
plan shall be funded with ten percent (10%) of pre-tax profit up to a pre-tax margin of six and nine-tenths percent (6.9%) plus twenty percent (20%) of pre-tax profit in excess of a pre-tax margin of six and nine-tenths percent (6.9%).
10-17-2014, 11:38 AM
#27
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Joined APC: Feb 2008
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10-17-2014, 12:39 PM
#28
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Joined APC: Nov 2013
Position: Gets weekends off
Posts: 1,168
I seriously don't know how we let this happen, other than its not a Pilot Agreement problem, but a company policy problem. Apparently the UPA gives us the percentage of profit sharing, but the company policy controls who gets it, and apparently the laws in different states and the laws in other countries, etc that sometimes drive why United management handles employees.
10-17-2014, 01:04 PM
#30
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Joined APC: Nov 2013
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Posts: 1,168
Its company wide. Back in 2000 I was in charge of one of the company employee committees and we would put programs like this together with senior management and we kept running into problems with laws of other countries that either prohibited what we wanted to do or would hurt the employee in a foreign country, maybe because of their tax structure, etc, so these rules become VERY weird. But I'll bet there is some state or country that has a problem with "profit sharing" or other benefits for non-full-year employees so the blanket policy of "must be a full year employee" applies to everyone, even though it makes little sense to us.
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