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Old 12-22-2015, 03:57 PM
  #11  
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Originally Posted by Red Letter View Post
You get 24 paychecks/year. 11 of those need to be $0.01 or more IN A FISCAL YEAR (June 1- May 31). 1,000 hours of service needed, therefore, 95 hours credit/paycheck * 11 = 1,045.
This really doesn't make any sense, unless I'm completely misunderstanding what you're saying. First, if you're getting 95 credit hours PER paycheck (so 190 CH per month), that's amazing.

1000 hours of service per fiscal year (you mean 1000 CH??) means a pilot making guarantee every month wouldn't hit that. 8*68 + 4*85 = 884. Typical RLGs for the the last few months would not break 1000 (8*74 + 94*4 = 968).

What am I missing?
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Old 12-22-2015, 04:11 PM
  #12  
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I think when he's talking about credit (whatever credit is required to make 1,000 hours of credit), he actually isn't referring to credit hours of pay. In fact, I believe that credit hours worked are irrelevant to how much "credit" you get. It's confusing.
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Old 12-22-2015, 04:14 PM
  #13  
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Originally Posted by Adlerdriver View Post
This really doesn't make any sense, unless I'm completely misunderstanding what you're saying. First, if you're getting 95 credit hours PER paycheck (so 190 CH per month), that's amazing.

1000 hours of service per fiscal year (you mean 1000 CH??) means a pilot making guarantee every month wouldn't hit that. 8*68 + 4*85 = 884. Typical RLGs for the the last few months would not break 1000 (8*74 + 94*4 = 968).

What am I missing?
He is talking about credits for a good year for retirement. You earn 95 credits per pay period and need 1000 credits to get a good year for retirement. It runs on the fiscal year from 1 June to 31 May. Somewhere in the Pilot Benefit Book it refers to the credits as "hours."

Last edited by Flyinhigh; 12-22-2015 at 04:17 PM. Reason: clarity
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Old 12-22-2015, 04:39 PM
  #14  
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Originally Posted by Adlerdriver View Post
This really doesn't make any sense, unless I'm completely misunderstanding what you're saying. First, if you're getting 95 credit hours PER paycheck (so 190 CH per month), that's amazing.

1000 hours of service per fiscal year (you mean 1000 CH??) means a pilot making guarantee every month wouldn't hit that. 8*68 + 4*85 = 884. Typical RLGs for the the last few months would not break 1000 (8*74 + 94*4 = 968).

What am I missing?
I believe the Department of Labor provides the formulas that FedEx uses. These notional hours normalize our work patterns against the notional 9-5 office worker.

This conversion standard of 95 hours per pay period has implications in classifying if one is a full time employee; it also is used in workman's comp calculations.

There are a lot of federal and state laws that are written in regards to typical work weeks and this conversion factor ties in our non-traditional work patterns.
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Old 12-22-2015, 04:47 PM
  #15  
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Originally Posted by Flyinhigh View Post
He is talking about credits for a good year for retirement. You earn 95 credits per pay period and need 1000 credits to get a good year for retirement. It runs on the fiscal year from 1 June to 31 May. Somewhere in the Pilot Benefit Book it refers to the credits as "hours."

PBB page R-6.

Confirmed my previous comment with ALPA R&I several months ago. This also has implications for retirement timing/vesting.

.
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