PBP is 9.3% of 2015 eligible earnings
Congratulations for another generous Performance Based Pay (PBP) payout! The 2015 PBP for most employees—including flight attendants—is 9.3% of eligible earnings, which is the equivalent of nearly five weeks of pay. More information about PBP can be found on Alaska’s World at https://splash.alaskasworld.com/News/2016/01/21_pbp.asp (login required).
PBP has averaged 8.8% of eligible earnings for flight attendants
Flight attendants first received PBP in 2009, which was paid in early 2010 and incorporated into the Collective Bargaining Agreement as part of the 2010 Contract Extension. Flight attendants previously participated in the Variable Pay Plan (VPP), which had a maximum payout of 7.0% of eligible earnings. PBP has averaged 8.8% of eligible earnings over the past seven years that flight attendants have been receiving PBP.
PBP is very competitive when compared to profit sharing plans at other carriers
If you have heard that profit sharing at another carrier is better than our PBP, know this: Profit sharing for line employees at most other carriers has been lucrative only in the last few years. When you consider that PBP has paid out an average of 8.8% of eligible earnings in every year we’ve been on the plan (since 2009), PBP is very competitive when compared with the best of other profit sharing plans in the industry.
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Thank you for all your hard work—now let’s all pull together to achieve the maximum PBP payout in 2016!
Your MEC – Jeffrey Peterson, Brian Palmer, Yvette Gesch, Lisa Pinkston, Laura Masserant, Cathy Gwynn, Sandra Morrow and Stephen Couckuyt