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Old 12-06-2016 | 07:39 AM
  #63  
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Elliot
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Originally Posted by Denny Crane
The Dec 31, 2016 pay check is actually an advance of one half of the reserve guarantee for the month of January 2017. That's why it coded FLT ADV on your pay stub.
Denny
I gotta be honest with ya Denny, that's not how I interpret the "monthly pay" section of the contract. (Not trying to be argumentative. I have been known to be wrong ONCE before....)

The contract states:

A pilot will receive his earnings for a (DECEMBER) bid period in the form of two semi-monthly payroll checks:

1. An end-of-month (EOM) partial payment on the last business day of the corresponding calendar month (e.g. December) in the amount of one-half of the reserve guarantee at his composite hourly pay rate as of the date of the payment, and

2. A consolidation payment on the last business day prior to the 16th of the following calendar month (e.g. January) for the difference between his total earnings for the bid period and the amount of his EOM partial payment, if applicable.
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