PDF Payroll conversion to column format

#!/bin/bash
pw="password"
year="2015"

for i in *.PDF
do
  #remove password
  qpdf --password=$pw --decrypt $i $i.nopass.pdf
  #convert to ps for formating
  pdf2ps $i.nopass.pdf

  #generating text output and formatting into columns
  output+="$(ps2txt "$i.nopass.ps"|\
  grep -e "\/$year" -e 'DIRECT'|\
  tr '\n' ' '|\
  sed "s/** DIRECT DEPOSITS//g")|"
  clear
  echo "$output"|tr '|' '\n'|column -t

  rm "$i.nopass.pdf"
  rm "$i.nopass.ps"
done