Bonus payback ?

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10-14-2022 | 07:32 AM

Kudzu

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Bonus payback ?

So... I took the $30K awhile back and and now have moved on to greener pastures.
I plan to pay back the $30K. How do I get a corrected W-2 from ENVOY?

Asking for a friend

Thanks
k

10-14-2022 | 08:24 AM

EMBCRJPilot

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Probably need to call HR

10-19-2022 | 06:12 AM

DWC in SLC

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From: Right Seat

Hey, I did the same thing. I left in early June and didn't hear from them for months. You will get a letter with an owed amount around $21k depending on state taxes. I wrote them a check and moved on. I have heard from people that you can ask for a payment plan.

10-19-2022 | 03:08 PM

f16jetmech

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From: CFI

Quote:

Originally Posted by DWC in SLC

Did yours have a date for the repayment?

10-19-2022 | 03:37 PM

Continuingappch

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From: single-pilot multi turbine captain

Good luck getting out of paying taxes based on the original distribution, unless they'll garnish your remaining checks.

10-20-2022 | 04:18 AM

NoValueAviator

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From: Resigned

Quote:

Originally Posted by Continuingappch

Good luck getting out of paying taxes based on the original distribution, unless they'll garnish your remaining checks.

???

Taxes don't apply to bonuses you return. It's just paperwork.

02-06-2023 | 10:51 AM

Puck Hawg

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Is the bonus pro-rated? Say you leave in 12 months, do you only owe 50% back?

02-06-2023 | 05:32 PM

Ravenwing

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I was told during logbook review that the 2 year $100k bonus is not pro-rated and that the company will most likely come after the whole amount unless you go to American even though taxes were withheld. You don’t have to sign the bonus contract. The pay is good anyway.

Republic offers a staggered bonus with no payback clause; last I saw it was 30k after DEC IOE, 30k after a year, etc.

02-06-2023 | 06:56 PM

highfarfast

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Yeah, always take the bonus. If you think you might leave, put it in an account that brings interest*. If you do leave, pay it back and file for a refund of what was was withheld on your behalf.