On this episode, Laura discusses profit sharing with Scott Bowles from the Retirement & Insurance Committee. They talk about some of the election options found on the Profit Sharing Election page on DeltaNet.

Resources: 

Engage: The Podcast for Delta Pilots E43:Profit Sharing

On this special edition episode of Engage, Captain Rich Wheeler, Chairman of the Negotiating Committee, and Captain Eric Criswell, former Chairman of the Negotiating Committee and current MEC Master Chairman, talk about profit sharing. From its origin and roots to this year’s profit sharing payout, Rich, Eric, and Ryan Argenta discuss how profit sharing was negotiated by pilots in 1996; how it has changed over the years and the need to preserve this negotiated benefit that pilots and all employees now enjoy; how profit sharing is contractually calculated using PTIX and specific formulas; and how pilots can view their earnings and ensure their 2023 profit sharing payout is accurate. Happy Profit Sharing Day! (Recorded January 23, 2024).

*Correction* - Engage Podcast #53: Profit Sharing with R&I

Please note that the federal withholding rate for special payouts, such as Profit Sharing, is 22 percent. The podcast inadvertenlty stated that the number was 25 percent (at 7:00 minute mark). We apologize for any confusion this may have caused.

Disclaimer:

ALPA does not give financial advice. We recommend that pilots first discuss with your financial advisor to determine what is best for themselves. 

HSA deferral options are not available to those pilots who participate in the DPMP health plan.