The new pay leveling option is a good deal. Here is my attempt to make it crystal clear.

Here's how pay leveling would work for one RDG in 2010 and one RDG in 2011.

We get paid 150 hours for one regular 56 day bid period; 75 hours per 28 day pay period; or 37.5 hours per 14 day paycheck.
One original RDG reduces pay by 75 hours in one regular 56 day bid period; 37.5 in each of two pay periods; or 18.75 in each of four paychecks.

2010: 10-3 through 10-13 is eleven (11) pay periods or twenty-two (22) paychecks.
75 x 11 = 825.
825 - (37.5 x 2) = 750.
750 / 11 = 68.18.
So with pay leveling, you would be paid 68.18 hours per pay period, or 34.09 hours per paycheck from 10-3 to 10-13.
The pay reduction is 6.82 hours per pay period, or 3.41 hours per paycheck from 10-3 to 10-13.

2011: 11-1 through 11-13 is thirteen (13) pay periods or twenty-six (26) paychecks.
75 x 13 = 975.
975 - (37.5 x 2) = 900.
900 / 13 = 69.23.
So with pay leveling, you would be paid 69.23 hours per pay period, or 34.62 hours per paycheck from 11-1 to 11-13.
The pay reduction is 5.77 hours per pay period, or 2.88 hours per paycheck from 11-1 to 11-13.


Here are a few more calculations. I'll spare you the full math.

One RDG in the 28 day Bid Period 10-07: 1.71 hours pay reduction per paycheck 10-3 to 10-13.
One RDG in the 28 day Bid Period 11-07: 1.44 hours pay reduction per paycheck 11-1 to 11-13.
One 55 hour reserve RDG in 2010: 1.82 hours pay reduction per paycheck 10-3 to 10-13.
One 55 hour reserve RDG in 2011: 1.54 hours pay reduction per paycheck 11-1 to 11-13.
One 55 hour reserve RDG in Bid Period 10-07: 0.91 hours pay reduction per paycheck 10-3 to 10-13.
One 55 hour reserve RDG in Bid Period 11-07: 0.77 hours pay reduction per paycheck 11-1 to 11-13.


I hope this helps in your decision making.