UPS offering early retirement
09-04-2023, 04:36 AM
#21
maxing the min/Moderator
Joined APC: Aug 2005
Position: 757
Posts: 1,357
Originally Posted by Night_Hawk
you would think, there are a few who want to take the age 67 bet though
09-04-2023, 10:10 AM
#23
Gets Weekends Off
Joined APC: Jun 2018
Position: 757 CA
Posts: 594
Originally Posted by NotMrNiceGuy
And it’s not a bonus. It just allows you to access value that should already be yours as part of your DSA if I’m not mistaken.
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
09-04-2023, 10:21 AM
#24
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Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
Originally Posted by Thrust Hold
You're mistaken. Read your contract. It was also going to be improved in the TA.
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
09-04-2023, 10:23 AM
#25
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Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,191
Originally Posted by Thrust Hold
You're mistaken. Read your contract. It was also going to be improved in the TA.
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
If your DSA is zero how big is the bonus?
VR,
DLax
09-04-2023, 10:47 AM
#26
Gets Weekends Off
Joined APC: Oct 2015
Posts: 751
Originally Posted by Thrust Hold
You're mistaken. Read your contract. It was also going to be improved in the TA.
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
Section 28: End of Career Sick Leave/Advance Notice of Planned Retirement Bonus
It may have the title of “bonus” in Section 28. But it’s really just giving you $110,000. If you have 686 hours in your DSA, that’s 48% of your bank. I think of a bonus as on top of your earnings. Not a portion of your earnings.
I get that it needs to be negotiated, but it’s a literal fraction of what it should be. American is at $200k. UPS fully compensates for the value.
It just incentivizes you to burn your bank to get the full value. My opinion only.
09-04-2023, 10:50 AM
#28
Gets Weekends Off
Joined APC: Jun 2018
Position: 757 CA
Posts: 594
Originally Posted by NotMrNiceGuy
I very well could be. But I think we just have different perspectives. I believe sick time is yours. You just read above that UPS pays each pilot for every single hour of unused sick as compensation. I think even SkyWest does this.
It may have the title of “bonus” in Section 28. But it’s really just giving you $110,000. If you have 686 hours in your DSA, that’s 48% of your bank. I think of a bonus as on top of your earnings. Not a portion of your earnings.
I get that it needs to be negotiated, but it’s a literal fraction of what it should be. American is at $200k. UPS fully compensates for the value.
It just incentivizes you to burn your bank to get the full value. My opinion only.
It may have the title of “bonus” in Section 28. But it’s really just giving you $110,000. If you have 686 hours in your DSA, that’s 48% of your bank. I think of a bonus as on top of your earnings. Not a portion of your earnings.
I get that it needs to be negotiated, but it’s a literal fraction of what it should be. American is at $200k. UPS fully compensates for the value.
It just incentivizes you to burn your bank to get the full value. My opinion only.
UPS is making this offer once. FedEx does it every year.
09-04-2023, 11:00 AM
#29
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,191
Originally Posted by NotMrNiceGuy
I very well could be. But I think we just have different perspectives. I believe sick time is yours. You just read above that UPS pays each pilot for every single hour of unused sick as compensation. I think even SkyWest does this.
It may have the title of “bonus” in Section 28. But it’s really just giving you $110,000. If you have 686 hours in your DSA, that’s 48% of your bank. I think of a bonus as on top of your earnings. Not a portion of your earnings.
I get that it needs to be negotiated, but it’s a literal fraction of what it should be. American is at $200k. UPS fully compensates for the value.
It just incentivizes you to burn your bank to get the full value. My opinion only.
It may have the title of “bonus” in Section 28. But it’s really just giving you $110,000. If you have 686 hours in your DSA, that’s 48% of your bank. I think of a bonus as on top of your earnings. Not a portion of your earnings.
I get that it needs to be negotiated, but it’s a literal fraction of what it should be. American is at $200k. UPS fully compensates for the value.
It just incentivizes you to burn your bank to get the full value. My opinion only.
It's not a straight $110,000. That's the MAX. It's the LOWEST of all 3 values:
- $110,000
- DSA x hourly rate x 50%
- 50% of the pilots "eligible earning" ABOVE $520K during their last 24 months.
Many call it the "Fly Until You Die" Bonus, but to each his own. It was implemented by the company in 2015 to solve their manning problem, as they were (still are) concerned on how to incentivize pilots to fly maximum credit hours between age 60 to 65, rather than burn thru their sick bank at the end of their careers.
VR,
DLax
09-04-2023, 11:12 AM
#30
maxing the min/Moderator
Joined APC: Aug 2005
Position: 757
Posts: 1,357
Originally Posted by Thrust Hold
You missed the PLUS section and additional Bonus matrix.
UPS is making this offer once. FedEx does it every year.
UPS is making this offer once. FedEx does it every year.
UPS pilots get excess sick time bought back at full value every year
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