No it was incorrectly stated. If you fail training (ground/sim/IOE) after being awarded a class date from a successful interview, then its frozen. If you are not awarded a class date because of a failed interview, you will continue to receive your normal pay raise. In other words, study hard and don't **** up after you pass the interview process and there's nothing to worry about.

Or at least that's the way I read it. Please correct me if I'm wrong.