Delta issues 5% Profit Sharing- CHECK/401K

[scarlet]

Delta will issue a check before the holidays of 5%

And pay raises of 4% next year.

 

[jonjuan]

Delta will issue a check before the holidays of 5%

And pay raises of 4% next year.

Good thing iffen your a FA or a ramper.

 

[General Lee]

No, the pilots get an "advance" on the profit sharing,(5% of your projected earnings for 2014) which is something management can do I guess. The way things are going, it was supposed to be at least double what was given for last year (about 8.125% of your W2, given on Feb 14th), so that would be more than 16% (or 2 months pay) this next Feb 14th. But, since oil has dropped over the last couple months, it may be more than 16%. So, now it will be 16/17/18% - 5% on Feb 14th.

Usually there is a DC fund contribution for the profit sharing too (15% of the profit sharing amount is put into your Fidelity Fund). So, if you got a $20K profit sharing check, an additional $3K (15% of 20K) would be added into your account. That will not happen on this check, the full DC amount will supposedly be added to the Fidelity account next Feb.

Also, the pay raise Jan 1, 2015 is 3% for the pilots.



Bye Bye---General Lee

 

[SpaceShipEarth]

Meanwhile, over half of the domestic flying is being done by regional pilots at 33% the pay of Delta pilots. Makes sense.

 

[General Lee]

Meanwhile, over half of the domestic flying is being done by regional pilots at 33% the pay of Delta pilots. Makes sense.

Uhhhhh, after 200+ RJs are parked and 88 717s are used to replace them, that won't be the case.



Bye Bye----General Lee

 

[Freebrd]

yeah guess that's why AA is trying to get scope relaxed to what, 89 seats now

 

[RJLoser]

yeah guess that's why AA is trying to get scope relaxed to what, 89 seats now

Nope.

 

[Freebrd]

Nope.

well I hope you hold the status quo, or even reduce it

 

[RJLoser]

well I hope you hold the status quo, or even reduce it

I do too. APA reps have been stating the line on scope will be held.

 

[nwaf16dude]

No, the pilots get an "advance" on the profit sharing,(5% of your projected earnings for 2014) which is something management can do I guess. The way things are going, it was supposed to be at least double what was given for last year (about 8.125% of your W2, given on Feb 14th), so that would be more than 16% (or 2 months pay) this next Feb 14th. But, since oil has dropped over the last couple months, it may be more than 16%. So, now it will be 16/17/18% - 5% on Feb 14th.

Usually there is a DC fund contribution for the profit sharing too (15% of the profit sharing amount is put into your Fidelity Fund). So, if you got a $20K profit sharing check, an additional $3K (15% of 20K) would be added into your account. That will not happen on this check, the full DC amount will supposedly be added to the Fidelity account next Feb.

Also, the pay raise Jan 1, 2015 is 3% for the pilots.



Bye Bye---General Lee

Paycheck details for the PS advance are on Deltanet already. They did make the 15% DC contribution.

 

[d.fitz]

I think you are looking at your 9/30 paycheck.... I don't see the profit sharing payout in there anyways.

 

[nwaf16dude]

The 10/3 check was there earlier. I have a screen shot of it. Will be interesting to see if it changes when it comes back up.

 

[Tycer]

Anyone figure out how to send the profit sharing check directly to your 401k? Can't find any info on the subject.

 

[DieselDragRacer]

Anyone figure out how to send the profit sharing check directly to your 401k? Can't find any info on the subject.

I had a non-pilot manager tell me this weekend that this bonus happened so fast, it can't be sent to the 401K, which didn't make him happy.