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Old 05-10-2015, 06:15 AM
  #182191  
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Originally Posted by MikeF16 View Post
Thanks guys, that helps. I agree Sailingfun, GSing is better than banking, but unfortunately my commute makes accepting most GS I'm offered impossible. Usually the only way I can make any kind of pay above my normal rate is to WS in advance so I can plan my commute, and then bank the hours to cash in at what will be a 40% pay raise from year one to year two. Not ideal but I have to work with what I've got .
Keep in mind that banking hours to cash in at a higher rate later does not work out like most think. You are banking hours not pay. If you work one hour now and bank it the rate is the same as if you work that hour next year. Either way you work one hour. Banking hours is best used if you want to build a big block of time off at a later date.
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Old 05-10-2015, 06:29 AM
  #182192  
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Originally Posted by LeineLodge View Post
You sure about it being ALV? I would've put money on having to credit over 80, not ALV.

Don't have time right now, but a lot of this is laid out in the scheduling reference handbook. Open the PDF and search for "bank."

Side note: I'd like to see us be able to add to the bank at a much lower threshold. There are months where I'd be willing to accept less pay in-month in order to fill my bank for later...crediting over 80 in any significant amount will wear you out. It's difficult to fill the bank up very quickly.
You are correct, it is 80 hours not the ALV.
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Old 05-10-2015, 06:41 AM
  #182193  
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Originally Posted by sailingfun View Post
Keep in mind that banking hours to cash in at a higher rate later does not work out like most think. You are banking hours not pay. If you work one hour now and bank it the rate is the same as if you work that hour next year. Either way you work one hour. Banking hours is best used if you want to build a big block of time off at a later date.
Exactly. It's not possible to cash out 40 hrs of bank at once unless you PD most of your trips. I don't have the contract in front of me, but I believe you cash up to the ALV+15 or max 82 hours, whichever is less. And if you GS you can't cash out more than 5 hours.

You're better off buying vacation days.
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Old 05-10-2015, 06:51 AM
  #182194  
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Originally Posted by sailingfun View Post
Keep in mind that banking hours to cash in at a higher rate later does not work out like most think. You are banking hours not pay. If you work one hour now and bank it the rate is the same as if you work that hour next year. Either way you work one hour. Banking hours is best used if you want to build a big block of time off at a later date.
But your rate the following year will be higher. Especially if you are on 1st - 3rd year pay where you get the largest longevity raises. I always banked everything I could during the 1st couple years. If you can bank an hour at 1st year pay of $78 and then cash it in a couple years later for $110 how is that not good deal? Maybe I'm overlooking something. Also, is there a max you can build your bank up to? I thought I read 60 somewhere but I couldn't find it.
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Old 05-10-2015, 07:10 AM
  #182195  
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Originally Posted by sailingfun View Post
Keep in mind that banking hours to cash in at a higher rate later does not work out like most think. You are banking hours not pay. If you work one hour now and bank it the rate is the same as if you work that hour next year. Either way you work one hour. Banking hours is best used if you want to build a big block of time off at a later date.
That is completely 100% dead wrong.

When you withdraw an hour it is at your current rate, not your rate when it was deposited.

If you make a bank deposit of one hour while you are on probation you can withdraw that same hour the next year at 2nd year pay.

The best time to bank hours is if you are expecting an upgrade from FO to Captain. You can bank those hours at the FO payrate and withdraw them at Captain payrate.
If you play it correctly, up to 60 hours of your time as an FO you could be making Captain pay.
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Old 05-10-2015, 07:16 AM
  #182196  
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Originally Posted by sailingfun View Post
Keep in mind that banking hours to cash in at a higher rate later does not work out like most think. You are banking hours not pay. If you work one hour now and bank it the rate is the same as if you work that hour next year. Either way you work one hour. Banking hours is best used if you want to build a big block of time off at a later date.
This is not true. As you say, you bank hours and not pay. If you bank an hour as an FO, you lose one hour of pay that month at your FO pay rate. If you later withdraw that hour as a Captain, you add one hour of pay that month at your Captain pay rate.
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Old 05-10-2015, 07:18 AM
  #182197  
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Originally Posted by Trip7 View Post
I believe you cash up to the ALV+15 or max 82 hours, whichever is less.
Close. It's ALV +5 or 82, whichever is less.
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Old 05-10-2015, 07:25 AM
  #182198  
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Originally Posted by Trip7 View Post
Exactly. It's not possible to cash out 40 hrs of bank at once unless you PD most of your trips. I don't have the contract in front of me, but I believe you cash up to the ALV+15 or max 82 hours, whichever is less. And if you GS you can't cash out more than 5 hours.

You're better off buying vacation days.
The withdrawal limit per bid period is the lesser of ALV+5 or 82.

You could personal drop your entire month and use the bank to still get paid.

Assuming you had a 60 hour balance you could withdraw all of that and borrow 22 hours and you would get paid 82 hours without flying a single minute.
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Old 05-10-2015, 07:27 AM
  #182199  
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Originally Posted by Check Essential View Post
Assuming you had a 60 hour balance you could withdraw all of that and borrow 12 hours and you would get paid 82 hours without flying a single minute.
Math in public....
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Old 05-10-2015, 07:29 AM
  #182200  
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Originally Posted by Jughead135 View Post
Math in public....
HA! Yep. Fixed it.
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