Green Slip Pay
10-23-2018 | 04:08 PM
#21
Roll’n Thunder
Joined: Oct 2009
Posts: 5,118
Likes: 538
From: Pilot
You can elect to deposit hours into the bank each month if you go over the required minimum shown on the time card. You can also elect to withdraw hours from the bank up to the set limit. If you don’t have hours when you withdraw your account goes negative. You can carry a negative balance indefinitely but if you fly over the minimum time to make a deposit, the company will automatically pay itself back with that time.
I have put extra hours in now with the idea that on my anniversary they will appreciate in value to second year pay. They also are good to get yourself to the green slip trigger if needed.
I have put extra hours in now with the idea that on my anniversary they will appreciate in value to second year pay. They also are good to get yourself to the green slip trigger if needed.
10-23-2018 | 04:37 PM
#22
Line Holder
Joined: Jun 2015
Posts: 1,995
Likes: 176
Yes, and emphasis is you deposit hours, not dollars. Put hours in as junior FO, withdraw as Capt, collect hours at capt pay. Good deal. Advice: fully fill your bank to 60 hours before you upgrade.
10-23-2018 | 06:04 PM
#24
Gets Weekends Off
Joined: Sep 2008
Posts: 6,971
Likes: 0
From: Kickin’ Back
There are many reasons to bank time and take it out later. As mentioned one is for the upgrade to Captain. Other uses are to help fill up when you get a GS, buy vacation days, and just fill up the month if you want too. The argument against banking time is really based on earning profit sharing on the time you bank. Yes you get it when you take it out but it might be at a lower PS percentage.
To put hours in the bank your "credit" has to be over 80 hours for the month. If you are negative bank, up to the first 5 hours of credit over 80 hours will automatically be deducted to pay back negative bank. You can pay back more if you want too but only with credit one 80 hours.
I like the using the bank to even out time month to month. I have about 25 hours in my bank right now.
Denny
To put hours in the bank your "credit" has to be over 80 hours for the month. If you are negative bank, up to the first 5 hours of credit over 80 hours will automatically be deducted to pay back negative bank. You can pay back more if you want too but only with credit one 80 hours.
I like the using the bank to even out time month to month. I have about 25 hours in my bank right now.
Denny
10-23-2018 | 08:02 PM
#25
Back on Reserve
Joined: Dec 2012
Posts: 841
Likes: 23
I bank hours in the summer when the ALVs are high and I'm flying my rear-end off, and then I use those hours to bolster my Nov/Dec. when the flying on my fleet drops off and the ALVs are low.
And like banking the hours as an FO and pulling them as a CA, if you're not yet on the 12-year pay step, you can bank hours before your anniversary and take them out after your anniversary, and keep the hours in the same PS year.
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