Any "Latest & Greatest" about Delta?
I filled up my bank during my 1st couple years. Aside from a couple small withdraws to reach GS trigger, I haven't used the bank and it is currently full. I'm considering buying 2 weeks of vacation for 2016 with the hunch that our vacation pay is going to increase in C2015. I can buy a full week for 2016 for 22.75 bank hours @ $136/hour which = $3094. Lets assume that C2015 vacation pay increases to 4 hours per day from our current 3.25/day. Lets also assume a 10% DOS pay raise and the fact I'll be on 6th year pay next year. So my $3094 investment would be worth $4312 ($154/hr x 28) Does anyone think this wold be a good/bad way for me to invest my 60 hour bank. I will be able to replenish it fairly quickly too. Thoughts?
1) You can only buy up to 10 vacation days in a vacation year.
2) A vacation day "costs" the number of hours that the vacation day is worth. When we decreased the value of a vacation day pre-BK, those pilots who had previously bought vacation days for the subsequent year had their banks refunded the difference, in hours, between what had been withdrawn from their banks to buy those vacation days and what those days were now actually worth.
When the value of a vacation day increased in C2012, any pilot who had already, i.e., 9 months early, bought vacation day for the 2013-2014 year was offered the option of undoing the transaction or of having an additional :15 withdrawn from his bank for each day he had bought.
3) The benefit you will see is that of the increase in hourly rates between when you deposited those hours and when you take your vacation.
ATL A320 B
Joined APC: Oct 2009
Position: No longer MEM or 9, but still a guy.
Posts: 238
I think I prefer the old NWA bank system. Whenever your pay rate changed, your bank balance in hours was adjusted accordingly. That way you always repayed the same amount of money that you borrowed...
Uh, wouldn't that mean you'd lose money relative to our current system?
We are hiring and everyone's going up. How would this be a good thing?
And we have a TON of pilots that are in their last contract cycle with C2015. Do you think they want to wait 2 years for a TA when that is half of the years they have left to retirement? I see a good percentage of age 60+ guys voting yes on whatever gets put in front of us.
And we have a TON of pilots that are in their last contract cycle with C2015. Do you think they want to wait 2 years for a TA when that is half of the years they have left to retirement? I see a good percentage of age 60+ guys voting yes on whatever gets put in front of us.
It would also help if we got the results of the contract survey.
And we have a TON of pilots that are in their last contract cycle with C2015. Do you think they want to wait 2 years for a TA when that is half of the years they have left to retirement? I see a good percentage of age 60+ guys voting yes on whatever gets put in front of us.
If you deposit hours into the bank it provides an ROI equivalent to the increase in pay rate when cashed in. The old system works if you are in debt to the bank. As a saver vs. a borrower, the current system is better.
Gets Weekends Off
Joined APC: Jan 2007
Position: 5-9 block, kill removing
Posts: 385
Me:"I don't want to hear about no self funding. All I want to hear from your @ss is 'you ain't got no problem line-guy, I'm on the motherf@$&r, go back in there and chill them pilots out and wait for the cavalry, which will be there directly'"
DALPA-"You ain't got no problems line guy. Go back there and chill those pilots out, and wait for the MEC, which will be there directly"
Me -"you sendin the MEC?!!"
DALPA- "Feel better, Mf'er?"
Me " Sh!# DALPA, that's all you had to say"
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