Originally Posted by
WakeWash
PSA just went to a 12/2 pay cap.
For people considering coming here, understand this. You will receive 38.50 your first year, with a 15,000 bonus. Your second year your pay rate will go to 40.28, but you will have no retention bonus, essentially taking a 10,000 pay cut. Oh and the 40.28 pay rate is also for 2nd, 3rd, and 4th year rates. Then you upgrade at some point, and you will receive no retention bonus cause it's for CAs at the time of this agreement.
This was a kick in the nuts for 3rd year FOs. Even with the retention bonus new hires will make more, and now 2nd year guys will be at the same pay rate as them.
Don't really care either way, but just want to correct your data. 2nd and 3rd FOs will get the $20,000 bonus (over two years) paid quarterly after their one year anniversary. So 2nd and 3rd year pay is 40.28 plus the $2,500 bonus every three months.
The company is banking on high attrition from Captains (which will happen since everyone is hiring) so that upgrades will stay around the two to three year mark and guys will not be forced to see 4th year pay (no bonus).