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View Full Version : Bonus Payback?


MNpilot16
09-26-2018, 01:36 PM
Just curious if anyone knows how paying Republic back the sign on bonus works? Do I have the ability to pay monthly ? Donít really have $10k laying around to give it back right now. I read somewhere they will take $100 a month is this still holding true.

Also are they going to go back and update my W2s to adjust my income? I donít see it being fair me paying back earned money then still having to pay taxes on it as income. At this point itís just a loan.

One more question, where do I send my letter of resignation to? Just the chief pilot/assistant ?


Random Task
09-26-2018, 01:43 PM
When were you hired? It's prorated 24 months.

Viking6
09-26-2018, 05:19 PM
Just curious if anyone knows how paying Republic back the sign on bonus works? Do I have the ability to pay monthly ? Donít really have $10k laying around to give it back right now. I read somewhere they will take $100 a month is this still holding true.

Also are they going to go back and update my W2s to adjust my income? I donít see it being fair me paying back earned money then still having to pay taxes on it as income. At this point itís just a loan.

One more question, where do I send my letter of resignation to? Just the chief pilot/assistant ?

Iím sure they will send a letter asking for the full amount, but they will take payments. I would let the CP know and then email the main HR email address. They are sensitive to pilots calling off on last trip, but really itís only a issue if you wanted to come back.


bamike
09-26-2018, 06:34 PM
I answered this question in a previous post https://www.airlinepilotforums.com/2588234-post16.html

Basically what you pay back depends if you are paying it all back in the same year that you received it or not. It is more complicated if you pay it back in a different tax year from when it was included in your W2.

MNpilot16
09-26-2018, 08:14 PM
I donít plan on calling out, just wanted to know if they are gonna be ok with me paying a minimum amount each month until I can afford to pay.

Can I cash in my PDOs or does that look bad ?

sflpilot
09-26-2018, 08:53 PM
How about you tell republic and their stupid little scheme to shove it. I guess itís too much to ask someone to be able to live like a real adult and support a family. I guess get your attorney involved but this is ridiculous that we have to even talk about this. Do you think Bedford pays money back to people? He declared banckruptcy! The fact that I have to even sit here and type this out is insane.

MNpilot16
09-26-2018, 09:10 PM
How about you tell republic and their stupid little scheme to shove it. I guess itís too much to ask someone to be able to live like a real adult and support a family. I guess get your attorney involved but this is ridiculous that we have to even talk about this. Do you think Bedford pays money back to people? He declared banckruptcy! The fact that I have to even sit here and type this out is insane.

:D haha that made me laugh. You know I was thinking the same thing ,how many creditors did republic screw over when they went into bankruptcy:rolleyes:

I wish I could but honestly I think they would take legal action or at least report it to a collection agency. Ive read up on other airlines normally just "forget" about it but don't think thats the case with Republic.

Viking6
09-27-2018, 05:38 AM
How about you tell republic and their stupid little scheme to shove it. I guess itís too much to ask someone to be able to live like a real adult and support a family. I guess get your attorney involved but this is ridiculous that we have to even talk about this. Do you think Bedford pays money back to people? He declared banckruptcy! The fact that I have to even sit here and type this out is insane.

Itís a contract, so yes you should follow it, especially since theyíre giving out 17.5K. Guaranteed they will report it to your credit report, probably bug you for years. BTW Envoy does the exact same thing, if you leave before the minimum per the contact. Sun Country has sued in local court in MN, so yeah itís possible republic could take you to court.

But if youíre paying something, I seriously doubt they would. I flew with a guy who quite at 10 months, and he had put the bonus in the bank, so he cut Republic a check when he quite. If you negotiate a payment plan, BLUF; I doubt they put it on your CR.

sflpilot
09-27-2018, 06:56 AM
Itís a contract, so yes you should follow it, especially since theyíre giving out 17.5K. Guaranteed they will report it to your credit report, probably bug you for years. BTW Envoy does the exact same thing, if you leave before the minimum per the contact. Sun Country has sued in local court in MN, so yeah itís possible republic could take you to court.

But if youíre paying something, I seriously doubt they would. I flew with a guy who quite at 10 months, and he had put the bonus in the bank, so he cut Republic a check when he quite. If you negotiate a payment plan, BLUF; I doubt they put it on your CR.

Yes because Suncountry puts you on the map. The standard is American, Delta, United, Southwest, UPS and FedEx. Iíll give a little love to JetBlue and Spirit. Itís supposed to be a job where you provide your services and the money flows from them to you. Just pay the salary and be done with it. These little deals and pay back agreements are nothing more than an embarrassment.

Viking6
09-27-2018, 02:08 PM
Yes because Suncountry puts you on the map. The standard is American, Delta, United, Southwest, UPS and FedEx. Iíll give a little love to JetBlue and Spirit. Itís supposed to be a job where you provide your services and the money flows from them to you. Just pay the salary and be done with it. These little deals and pay back agreements are nothing more than an embarrassment.

I personally know 4 pilots there and have chatted with a few on here, and they all say nothing good. The only good thing I see is you get to drive to work if you life in MN. Most FOs at republic would take a pay cut the first year, anc thatís probably why my buddy drives for Uber and Bartends. Oh and itís a training contract at SY, so much worse then being forced to pay back a cash bonus IMHO.

Agreed the money should be in the hourly rate, but thatís not the norm at any regional. All the ďrespectableĒ regionals offer bonuses. Lyft will probably result in some type of training contract at republic. Hopefully people educate themselves.

totaldigger
09-27-2018, 02:51 PM
Does the current $17,500 bonus come with a contract and/or payback clause? I do not see any information about this on their website.

DiveAndDrive
09-27-2018, 04:02 PM
Yes. 2 years from completion of your FO checkride. Itís prorated 1/24 monthly. Correct me if Iím wrong, but I believe youíre only liable for the gross money you received.

Web265
09-28-2018, 05:10 AM
I don't think this is correct.

Yes. 2 years from completion of your FO checkride.

My promissory note says 2 years from completion of IOE.

Itís prorated 1/24 monthly. Correct me if Iím wrong,
This is correct

but I believe youíre only liable for the gross money you received.

The language in my agreement indicates you are liable for ...payments previously paid by ....

This makes me think you'd be liable for the full amount, it would come out even at the end of the next tax year as you would be able to amend the previous tax return, which would be a PITA. I think you would still be out the difference in the mean time.

But...things change very quickly, this is just what my agreements says and your mileage may vary....

BosoxH60
09-28-2018, 06:28 AM
I don't think this is correct.



My promissory note says 2 years from completion of IOE.


This is correct



The language in my agreement indicates you are liable for ...payments previously paid by ....

This makes me think you'd be liable for the full amount, it would come out even at the end of the next tax year as you would be able to amend the previous tax return, which would be a PITA. I think you would still be out the difference in the mean time.

But...things change very quickly, this is just what my agreements says and your mileage may vary....

Having done this recently with another airline...

They sent me a letter outlining how much Iíd received so far, and how much I was liable for repaying (all of it...no prorate before 1 year), and then how much to cut the check for <less than half>. It included a stipulation that if I didnít pay by dec 31, Iíd owe <increased amount> To cover taxes. By my reckoning, I kept about five thousand (before taxes), but... theyíre happy I guess.

I also received everything in the same tax year, so Iíd imagine that had something to do with it. Regardless: wait until they tell you, and how much. Theyíve got accountants. Iím not an accountant. If it seems too much, raise a flag. If not...let it go.

CDylan
10-01-2018, 05:41 PM
How much would you pay back to rah if you quit at 6 months?

Web265
10-02-2018, 04:36 AM
The way I understand it, according to my promissory note, this would go something like this...

Total Bonus $17,500.00
Bonus per month total div by 24 $729.17
Bonus for 6 months monthly X 6 $4,375.00
Amt of Bonus paid to you at 6 mos $1,500 + $8,500 = $10,000.00
Amount you'd have to return $10,000-$4,375 = $5,625.00

again, this is based on the assumption that your bonus structure would be the same, it might not be.

prophead5
10-02-2018, 08:57 AM
:D haha that made me laugh. You know I was thinking the same thing ,how many creditors did republic screw over when they went into bankruptcy:rolleyes:

I wish I could but honestly I think they would take legal action or at least report it to a collection agency. Ive read up on other airlines normally just "forget" about it but don't think thats the case with Republic.

They wasted no time in sending me a bill for the prorated bonus. Also a handout on the importance of good credit. ( the nerve) The more I learn about this company the more Iím glad Iím out of that hole. There were some good people there ( a few) but some of the training people in IND were pompous asses with zero social skills.

Cobra Commander
10-04-2018, 02:39 AM
Yes because Suncountry puts you on the map. The standard is American, Delta, United, Southwest, UPS and FedEx. I’ll give a little love to JetBlue and Spirit. It’s supposed to be a job where you provide your services and the money flows from them to you. Just pay the salary and be done with it. These little deals and pay back agreements are nothing more than an embarrassment.

Come on, dude. To say that no other industry uses bonuses to attract and retain talent is completely false. It certainly helped attract me - and I have a very high opinion of myself. For a lot of guys this is an entry level job that pays pretty well and has a lot of benefits. Especially when your previous gig was teaching knuckle heads how to fly a 172. Besides that, I would imagine its a lot faster to offer a bonus than renegotiate the entire contract to attract recruits.



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