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I agree. Whatever TA comes out, if it has a Section 3 pay raise, it will pass memory rat.
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Originally Posted by MSP7ERB
(Post 1877962)
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bought vacation days for the subsequent year had their banks refunded the difference, in hours, between what had been withdrawn from their banks to buy those vacation days and what those days were now actually worth.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vacation day for the 2013-2014 year was offered the option of undoing the transaction or of having an additional :15 withdrawn from his bank for each day he had bought. 3) The benefit you will see is that of the increase in hourly rates between when you deposited those hours and when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. |
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...
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Originally Posted by Mem9guy
(Post 1878700)
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...
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Originally Posted by Carl Spackler
(Post 1878426)
Yup. To paraphrase, 'when the TA gets brought to you, we will be there in the lounges to explain' (why we voted YES).
Carl |
Originally Posted by Mem9guy
(Post 1878700)
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...
We are hiring and everyone's going up. How would this be a good thing? |
Originally Posted by cni187
(Post 1878627)
I don't know why you guys are so angry. Your opinions on here are just rain drops in the lake of Delta pilots. Whatever comes out of this process will get voted in by 60% because let's face it, that many pilots just don't give 2 blanks.
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Originally Posted by RockyBoy
(Post 1878751)
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. |
Originally Posted by RockyBoy
(Post 1878751)
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.
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Originally Posted by Mem9guy
(Post 1878700)
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...
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