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View Full Version : 57K Bonus


Av8tor8710
08-26-2018, 03:13 PM
Has anyone shown up to training with 1,400 TT or 1,450 TT, how much of the bonus do they take out of the sign on?


DarkSideMoon
08-26-2018, 03:58 PM
Has anyone shown up to training with 1,400 TT or 1,450 TT, how much of the bonus do they take out of the sign on?

Itís 5k day one, 26k after OE, 10K after one year. As far as what youíll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses arenít taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.

Not sure where 57k came from.

pilottim
08-26-2018, 04:05 PM
Itís 5k day one, 26k after OE, 10K after one year. As far as what youíll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses arenít taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.

Not sure where 57k came from.

As you stated, plus $8k for previous type rating paid at completion of IOE. Plus, $8k over year 3 if you haven't upgraded (not paid if you upgrade or bypass).


Av8tor8710
08-26-2018, 04:28 PM
Itís 5k day one, 26k after OE, 10K after one year. As far as what youíll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses arenít taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.

Not sure where 57k came from.

ďEligible for up to $57,000 in sign on and retentionĒ....okay yea, I miss quoted and lumped it all together. My bad. Appreciate it.

I was just wondering if AW took out part of the sign on, besides the taxes that will be coming out, like Republic does if you show up with 1,400. If anyone at AW has shown up with 1,400/1,450 to training needing the 1,500 could share their experience would appreciate their input. Thanks.

DarkSideMoon
08-26-2018, 04:58 PM
ďEligible for up to $57,000 in sign on and retentionĒ....okay yea, I miss quoted and lumped it all together. My bad. Appreciate it.

I was just wondering if AW took out part of the sign on, besides the taxes that will be coming out, like Republic does if you show up with 1,400. If anyone at AW has shown up with 1,400/1,450 to training needing the 1,500 could share their experience would appreciate their input. Thanks.
Republic does that because they pay for you to fly around until you hit ATP mins from there. I donít think you can show up to class that short. You might get 50 hours in the sim (not sure if that can count or not, been awhile since I looked.). But I hadnít heard of them giving more hours of sim time to anyone just so they could meet ATP mins.

Av8tor8710
08-26-2018, 06:01 PM
Republic does that because they pay for you to fly around until you hit ATP mins from there. I donít think you can show up to class that short. You might get 50 hours in the sim (not sure if that can count or not, been awhile since I looked.). But I hadnít heard of them giving more hours of sim time to anyone just so they could meet ATP mins.

Ah. Understood.

I went to the AW website and did the ďhours calculatorĒ they have. When I took the results of ďtime leftĒ and added it to my TT the sum was 1,400 and thatís with 50hrs of sim already from a 142 included in the hours I gave. Just trying to figure out if AW does something similar, to Republic, in terms of reducing the sign on and if so by how much is it reduced, because someone has to pay for the additional training right? Ha. 🤷*♂️

TheGodfather
08-27-2018, 01:10 PM
Itís 5k day one, 26k after OE, 10K after one year. As far as what youíll get after taxes that varies based on state and benefits. Contrary to what 90% of pilots acting as amateur accountants might think bonuses arenít taxed at a higher rate than regular income. However, they may be withheld at a higher rate. Rough guesstimate is about 3k on your first, 16k on the second and 6k on your last.

Not sure where 57k came from.

The 26k after IOE is that in a lump sum or paid in sections?

DarkSideMoon
08-27-2018, 01:58 PM
The 26k after IOE is that in a lump sum or paid in sections?

Lump sum, could take a few weeks depending on what day of the month you get signed off.

tm602
08-31-2018, 08:01 AM
So what is the current upgrade for a new hire with the mins to upgrade already met?

pitchtrim
08-31-2018, 08:30 AM
12 months.

tm602
08-31-2018, 10:29 AM
12 months.

Thatís pretty quick. Hopefully itíll stay fast.

jetlag q
11-30-2018, 12:47 PM
Is the 26k plus 5k only good for the first yr? If I leave after the first yr do I have to pay anything back?

StrykerB21
11-30-2018, 01:32 PM
Is the 26k plus 5k only good for the first yr? If I leave after the first yr do I have to pay anything back?

Its a two year commitment. If you leave in the first year you have to pay it back. From year 1 to year 2 the bonus is pro rated quarterly and its considered "earned" by the end of your second year.

You can choose to take the bonuses and stay for 2 years to keep it, or you can defer them and receive all of it upon completion of your second year and keep it all.

Flaps8posrate
11-30-2018, 09:02 PM
You can also defer it and take the payments monthly during year two (months 13 through 24 of employment). That way, you will owe nothing if you leave early.

Its a two year commitment. If you leave in the first year you have to pay it back. From year 1 to year 2 the bonus is pro rated quarterly and its considered "earned" by the end of your second year.

You can choose to take the bonuses and stay for 2 years to keep it, or you can defer them and receive all of it upon completion of your second year and keep it all.

CanWeGetTheLeft
11-30-2018, 09:51 PM
Itís also not $5k ďday one.Ē The first bonus pays out on your 2nd to 3rd paycheck, depending on the specific day you start and whether or not you need to go through the ATP-CTP course.

Just be aware of that if you are counting on that money for your planning.

Soxfan1
12-01-2018, 03:37 AM
You can choose to take the bonuses and stay for 2 years to keep it, or you can defer them and receive all of it upon completion of your second year and keep it all.

Not exactly, unless it changed recently. If you defer itís paid in 12 installments, during months 13-24. Each payment is yours to keep once itís paid out. You donít have to wait for the end of the second year to get your money.

Again unless they changed it recently.

StrykerB21
12-01-2018, 05:11 AM
Not exactly, unless it changed recently. If you defer itís paid in 12 installments, during months 13-24. Each payment is yours to keep once itís paid out. You donít have to wait for the end of the second year to get your money.

Again unless they changed it recently.


There are so many rumors swirling its hard to keep up with whats fact and whats not.

Soxfan1
12-01-2018, 05:26 AM
There are so many rumors swirling its hard to keep up with whats fact and whats not.

I know right. Havenít had many updates from the DO or CP lately either.

lukeh99
12-01-2018, 09:25 AM
There are so many rumors swirling its hard to keep up with whats fact and whats not.

I would just contact a recruiter and ask them.

DarkSideMoon
12-01-2018, 10:24 AM
I would just contact a recruiter and ask them.

ďYeah you get the entire bonus on day one with no obligation. Sign here.Ē

Talk to someone in payroll or HR. Everything else is hearsay.

DHC2FloatFlyer
12-19-2018, 10:28 AM
ďYeah you get the entire bonus on day one with no obligation. Sign here.Ē

Talk to someone in payroll or HR. Everything else is hearsay.

Anyone who is presently employed or recently went through training have or willing to share what the actual contract says?

Soxfan1
12-19-2018, 10:38 AM
Anyone who is presently employed or recently went through training have or willing to share what the actual contract says?

Pretty sure itís:

5k. 100% vested 1 year from doh. Pay back 100% before this date.

ATP CTP pay back 3500 if you leave before 1 year.

IOE 26k and Type 8k. 50% vested at one year from doh. Months 13-24 each vest a pro-rated share of remaining 50%. Fully vested at 2 year.

We are not actually paying out the remaining 8k of the 56k nor have we ever so Iím not sure if that vests right away or not.

DarkSideMoon
12-19-2018, 10:40 AM
Anyone who is presently employed or recently went through training have or willing to share what the actual contract says?

Itís available for like 15 minutes during new hire training and then after you sign it disappears into the ether and they wonít give you a copy. Only people that are going to have the actual text of the thing are people currently in Indoc.

Anything you hear from anyone besides payroll/HR or someone who is on that particular day of Indoc and manages to snag a copy is hearsay unless theyíve finally started letting people see it again.

WhiskyWhisky
12-19-2018, 06:19 PM
By the time you get out of IOE, you only have 1 yr 6 months to get to 2 years anyway. Just stick it out, it's not that long and the $57k is yours. Easy Peesey.

53driver
12-25-2018, 09:01 AM
Pretty sure itís:

5k. 100% vested 1 year from doh. Pay back 100% before this date.

ATP CTP pay back 3500 if you leave before 1 year.

IOE 26k and Type 8k. 50% vested at one year from doh. Months 13-24 each vest a pro-rated share of remaining 50%. Fully vested at 2 year.

We are not actually paying out the remaining 8k of the 56k nor have we ever so Iím not sure if that vests right away or not.

Just to confirm, if you leave right after 12 months you keep the $5k bonus but would have to pay back half of the $36k ($26k for IOE plus $10k after 1yr on property)?

Flyboyxc91
12-25-2018, 09:07 AM
Itís available for like 15 minutes during new hire training and then after you sign it disappears into the ether and they wonít give you a copy. Only people that are going to have the actual text of the thing are people currently in Indoc.

Anything you hear from anyone besides payroll/HR or someone who is on that particular day of Indoc and manages to snag a copy is hearsay unless theyíve finally started letting people see it again.

Thatís a little shady, not knocking it as not real im just saying Iím not sure understand why itís such a secret the way theyíre presenting it. Good bonus though for sure.

Flyboyxc91
12-25-2018, 09:13 AM
Ah. Understood.

I went to the AW website and did the ďhours calculatorĒ they have. When I took the results of ďtime leftĒ and added it to my TT the sum was 1,400 and thatís with 50hrs of sim already from a 142 included in the hours I gave. Just trying to figure out if AW does something similar, to Republic, in terms of reducing the sign on and if so by how much is it reduced, because someone has to pay for the additional training right? Ha. 🤷*♂️

Why not just fly your pre 121 job/events until you hit 1500 just like most every other airline pilot I know. Some of us even had over 2,000 hours or more before heading to the jets. Iím just saying it seems easier and less costly to your bonuses to not worry about such things and take the extra month and a half to get it done. Obviously youíre motivated which is good.

Clue32
12-26-2018, 10:34 PM
Thank you all for the clarification on the vesting times for the Bonuses. I've got 5500+TT but most of that is in King Airs. I need 500+ Jet for my preferred "career airline" and have been looking at regionals for the hours to complete the required experience. AW was topping the list due to first year pay, but I'm going to do some reordering now that I know that 26k requires a 2 year commitment.

Soxfan1
12-27-2018, 11:01 AM
Thank you all for the clarification on the vesting times for the Bonuses. I've got 5500+TT but most of that is in King Airs. I need 500+ Jet for my preferred "career airline" and have been looking at regionals for the hours to complete the required experience. AW was topping the list due to first year pay, but I'm going to do some reordering now that I know that 26k requires a 2 year commitment.

Just defer it all. If you leave before one year no harm no foul. If you happen to get stuck you get it all in 12 installments months 13-24. Nearly every veteran does it this way and leaves once the big 3 call. Helps on taxes too as it can spread to money out over 2 income tax years.

symbian simian
12-27-2018, 02:51 PM
Just defer it all. If you leave before one year no harm no foul. If you happen to get stuck you get it all in 12 installments months 13-24. Nearly every veteran does it this way and leaves once the big 3 call. Helps on taxes too as it can spread to money out over 2 income tax years.

Disagree. Take it all, put it in savings, give it back if you leave. You never know what will happen to the bonus program. Better one check in the hand than 10 in the air or something....

53driver
12-27-2018, 03:11 PM
Was told by a recruiter that the fine print on the payback of the $57k bonus is kept close hold until indoc and the LOA is not publicly available. Would any new hires confirm if the the initial $5k is yours to keep and the other $36k is prorated? For example leave right after 12mo and would you keep $5k + 50% of $36k = $23k?

DarkSideMoon
12-27-2018, 03:16 PM
Was told be a recruiter that the fine print on the payback on the 57k bob is kept close hold until indoc. Would any new hires confirm if the the initial $5k is yours to keep and the other $36k is prorated? For example leave right after 12mo and would you keep $5k + 50% of $36k = $23k?

Nobody knows unless they took a picture of the document. They donít give you a copy and you canít look at it again later.

Disagree. Take it all, put it in savings, give it back if you leave. You never know what will happen to the bonus program. Better one check in the hand than 10 in the air or something....


They want the pre tax amount back. Good luck getting that back from the feds. If youíre not sure about staying two years just defer.

ypSUHlanti
12-27-2018, 05:29 PM
Disagree. Take it all, put it in savings, give it back if you leave. You never know what will happen to the bonus program. Better one check in the hand than 10 in the air or something....

The problem with this though is if you leave within the first year you have to pay back the gross amount, not the net. So in theory, you'd have to pay pack the entire bonus, including the 22% supplemental tax you already generously provided to the Federal Govt. If you do see yourself leaving within the first year or two, deferral is the way to go.

Not sure how'd that work for end of the year taxes, but can't imagine it would be easy.

An added benefit of the deferral is that it will give you more money with regards to the company 401K match. Although, in year 2 you have to start paying ALPA fees, and that includes your bonus if I'm not mistaken...

Also, if the bonus program did disappear, you would still get your money if you opted for a deferral. I wouldn't consider that when thinking about deferring or not. Different story if they went out of Business.

Flaps8posrate
12-27-2018, 06:17 PM
I hate to disagree, below quote is not such good advice. Your bonus will be taxed at time of payment (tax rate minimum 22% in 2019) and you WILL be responsible for paying the entire PRETAX amount back.
The 5k will be yours to keep after passing IOE (that is the length of that contractual obligation). The 27K or whatever the exact amount is yours to keep in itís entirety after 24 months). In Indoc, you have the opportunity to defer receiving the payments until earned (approximately 3K per month to be paid during each of months 13 through 24 and the 5K after finishing IOE). No mystery, nothing is hidden. Make your decision and sign the papers. Itís all very straight forward if you are paying attention, which is admittedly very difficult to catch everything in that whirlwind of week one. Oh, yes, the bonus is contractually obligated to be paid to you, it wonít disappear, regardless of what future new hires do or donít get.
PS take a picture of your paperwork for your records.
Disagree. Take it all, put it in savings, give it back if you leave. You never know what will happen to the bonus program. Better one check in the hand than 10 in the air or something....

Flaps8posrate
12-27-2018, 06:20 PM
Was told by a recruiter that the fine print on the payback of the $57k bonus is kept close hold until indoc and the LOA is not publicly available. Would any new hires confirm if the the initial $5k is yours to keep and the other $36k is prorated? For example leave right after 12mo and would you keep $5k + 50% of $36k = $23k?

5K after IOE. Zero additional at month 12. It is vested during months 13-24. Additional 10K after month 36, if you are not upgraded by month 36.

53driver
12-28-2018, 06:40 AM
Flaps8posrate,

Thank you so much that helps clarify it!

Varsity
12-30-2018, 04:23 PM
You file an amended W2. It's not difficult at all.

DarkSideMoon
12-30-2018, 05:50 PM
You file an amended W2. It's not difficult at all.

https://www.dickinsonlaw.com/blogs-articles/2016/08/19/employee-repayment-of-compensation

Itís not that straightforward and depends on when the bonus was received vs when you repay it. It also relies on the company to accept the post tax amount as repayment and pursue the taxes back from the government.

When someone leaves they ask for the full pre-tax amount back (Iíve seen the repayment request) so hopefully you have a decent lawyer if you really want that money back.

To me, not worth the $500 you might get in income throwing it in the market.

Soxfan1
12-31-2018, 02:02 AM
https://www.dickinsonlaw.com/blogs-articles/2016/08/19/employee-repayment-of-compensation

Itís not that straightforward and depends on when the bonus was received vs when you repay it. It also relies on the company to accept the post tax amount as repayment and pursue the taxes back from the government.

When someone leaves they ask for the full pre-tax amount back (Iíve seen the repayment request) so hopefully you have a decent lawyer if you really want that money back.

To me, not worth the $500 you might get in income throwing it in the market.

Exactly. Defering it is the simplest way to go about it if you think you may leave early.



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