Originally Posted by
tsquare
If he can fill up his bank at new hire pay, about the only way he will be able to get a better rate of return is to go back in time an buy AAPL at $100/share. Also, if you envision an upgrade any time soon, the same applies. Basically, whatever rate you are making when you take it OUT of the bank is the rate it is paid. It does not matter how much you are making when you put it in...
The piece of the puzzle that makes this difficult as a junior/reserve/FOrever is that you will likely not break 70 hours of credit very often your first year. You must break 80 hours of CREDIT before you can begin banking any time. It's difficult/nearly impossible to bank any significant amount of time during your first year unless you are one of the fortunate bow-riders that got on at the beginning of a hiring wave and can hold a line.
One of the few ways a reserve can even get paid much beyond 80 is with Greenslips, but they are pay no credit, so again you cannot bank that time.
It's a great idea, but hard to implement unless you're a lineholder.
Btw - I'm a fan of the cap at ALV+15. This is in no way a slam on the cap; just a little reality check for those hoping to pull this off. A better solution would be for us ALL to get a sizeable pay raise (or restoration depending on your perspective.) SWA W2's for all small narrowbodies is a good place to start, and then index up from there. That should be a minimum.