Originally Posted by
RyanP
Some info taken from our latest MEC message
+$15,000 or $20,000 Signing bonus for new hires (fleet dependant)
+$20,000 FO retention bonus (paid quarterly over 2 years)
First Officers already on fifth year pay and above, once you upgrade, you will get an additional $2,500 bonus. This is in addition to the $5,000 you are already owed from the December 2014 TA. For perspective, that equates to approximately a 6% raise* at your current pay step when you upgrade. It is my goal to provide an environment where you can progress and receive this bonus as quickly as possible.
*$2,500 is roughly equal to 61 hours of pay at $40.79, 6% was calculated using 900 paid hours per year.
For our pilots who are currently holding a Captain status, including those in Captain training today, you will receive $7,500 incrementally throughout the next 16 months. Using 12th year pay at $89.12 an hour for our small RJ rate with 900 paid hours per year (75 per month), this is roughly a 9% raise for Captains at or around that pay.
So a new hire 1st year FO on the 145:
$37.90/hr + $20K signing bonus.
In other words,
Year one = $37.90/hr plus $20K
Year two = $39.78/hr plus $10K retention (paid quarterly)
Year three = $40.79/hr plus $10K retention (paid quarterly)
Using the APC pay slider:
1st year FO pay would be $34,200 + $20K signing bonus = $54,200
2nd year FO pay would be $36,000 + $10K retention = $46,000.
3rd year FO pay would be $36,900 + $10K retention = $46,900