Originally Posted by
MtnPeakCruiser
How was your “ratification bonus” divided up? Was it weighted by each pilots number of bid periods in each seat since the amendable date, and additionally weighted by seniority up to Year 12?
If so does anyone have the formula used? I’m curious to see if our guys use the same method.
IANAM (I am not a mathematician) but:
They calculated the difference between what all of us would have made, had the new pay rates been been implemented at the “expiration” date of the last contract, and what we actually got paid.
This was converted into a ratio for everyone, and multiplied by the $75million bonus. For me, 5 years, 2 1/2 years as a captain the payout was about 30% of the difference.