Originally Posted by
PaulFooley
What prevents someone from banking time in December and cashing it out in January, after our 8.5% pay bump kicks in? For example, if I were to bank 30 hours and cash it out the following month, I'd have made an extra $300 just by deferring my pay for a month; or do I misunderstand the way this works? If it was that easy, wouldn't everyone do it or am I the last one to NOT do it?
I just went and looked it up in the contract, Section 12, it says you can deposit up to +20/month, up to a max of +60, or take out up to 20/mo. if you are that short, up to a max of -30. The key is, you cannot take out a whole bunch at once, it will only let you fill up to 82hrs. for the month.
Example: your Jan. line is worth 75, you have +60 in the bank, you want to pull all 60 of it in Jan, when the new pay rates kick in, it's only going to allow you to pull 7 out, to get you up to 82. So to get all the time you put in, out, you'd have to be running below 82 for quite a while, assuming you filled it up to +60.
I tried to copy/paste the entire Bank section, but it wouldn't do it.
Best to go read it yourself, page 12-16 and 12-17.
Go to the Dalpa web page and click on the Live Contract, go to section 12. Also, about vacation and how many reserve X days you get, there are charts in section 12 that will show you exactly how many days you get.