Just to clarify in case someone gets the vernacular confused, you are a first year pilot in all respects except pay from day one. On your one year anniversary you go to year 2 pay (with a few exceptions for certain types/lengths of leave, etc).

Just wanted to clarify, as at times there have been airlines (usually regional) where you did your "training" seperate from your employment and weren't "hired" until you finished, and then had to do a full year to get to second year pay. That's not the case here (or at most places).