Pays out in February. This year, as an FO, mine was approx. $10,000 and came out to $6,700ish after taxes. Paid for my LASIK and then some. We also get Operation Performance payouts 4x a year. Just got one a couple weeks ago for $250 before taxes. That one is based off on time percentage, reduce jetbridge contact with the airplane, etc...a whole airline contributes type of thing.