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-   -   Signing Bonus/retirement question (https://www.airlinepilotforums.com/fedex/90147-signing-bonus-retirement-question.html)

tomgoodman 08-23-2015 10:39 AM


Originally Posted by MaydayMark (Post 1955095)
Walrus ... maybe you should bring your own coffee?

Stanley Aladdin Thermos

:eek:

It keeps coffee hot and lemonade cold? How does it know? :confused:

FDXLAG 08-23-2015 10:47 AM


Originally Posted by machz990 (Post 1954252)
Not a good rumor. F/O pay is 75% of captain pay so the ratios should remain the same.

How ALPA gamed it in 2006 was something like this:

They took the average pay rate of all of the SOs, FOs, and Captains and used that as the way to gauge the percentage. So since most of the SOs and FOs were junior, all of the money went to the captains. Bottom line I was a 5 years SO and I got about 8k, FOs I was senior to got about 16K, and Captains got about 32k. So even though my hourly rate was 80% of same seniority FOs I got a bonus of about 50% of theirs. My memory is probably off but I doubt by much.

Look for similar shenanigans. Or talk to your seniority demographic representative.

Chainsaw 08-23-2015 12:35 PM

Keep your hands off my stack
 

Originally Posted by FDXLAG (Post 1955277)
How ALPA gamed it in 2006 was something like this:

They took the average pay rate of all of the SOs, FOs, and Captains and used that as the way to gauge the percentage. So since most of the SOs and FOs were junior, all of the money went to the captains. Bottom line I was a 5 years SO and I got about 8k, FOs I was senior to got about 16K, and Captains got about 32k. So even though my hourly rate was 80% of same seniority FOs I got a bonus of about 50% of theirs. My memory is probably off but I doubt by much.

Look for similar shenanigans. Or talk to your seniority demographic representative.

Unfortunately, I think you are right Lag. I see the silverbacks cutting a nice fat slice off for themselves and leaving the leftovers for the rest. Shocking!

FDXLAG 08-23-2015 01:10 PM


Originally Posted by Chainsaw (Post 1955325)
Unfortunately, I think you are right Lag. I see the silverbacks cutting a nice fat slice off for themselves and leaving the leftovers for the rest. Shocking!

Only if half the block reps allow it, and then half the membership votes for it.

1st overnite 09-05-2015 06:43 AM

I have heard that the Lump Sum payment will be according to what seat you were in on the date of the TA. So if you change seats between the TA and the signing date, you get the lower paying seat. I thought last time it was date it was ratified. So it seems like the timeframe for the signing bonus ends mid August but the new pay rates don't begin until November. Has anyone heard anything different? Does anyone remember how it was in 2006?

MaxKts 09-05-2015 06:47 AM


Originally Posted by 1st overnite (Post 1964499)
I have heard that the Lump Sum payment will be according to what seat you were in on the date of the TA. So if you change seats between the TA and the signing date, you get the lower paying seat. I thought last time it was date it was ratified. So it seems like the timeframe for the signing bonus ends mid August but the new pay rates don't begin until November. Has anyone heard anything different? Does anyone remember how it was in 2006?

2006 was date of signing unless your upgrade was on the same day! :(

AirHead328 09-05-2015 06:54 AM


Originally Posted by 1st overnite (Post 1964499)
I have heard that the Lump Sum payment will be according to what seat you were in on the date of the TA.....?

I'm tired of guys spouting "what I heard"!!!!! Open the TA and read it!!!

Look at the Lump Sum Payment Distribution (2015) section near the end of the TA. Your answer is written in plain English:

"Each pilot's lump sum payment category shall be determined by the highest crew status in which he was active during the amendable period. Pilots who received passover pay during the amendable period will receive a lump sum payment based on their highest active crew status or the crew status to which they received passover pay."

MaxKts 09-05-2015 07:25 AM


Originally Posted by AirHead328 (Post 1964509)
I'm tired of guys spouting "what I heard"!!!!! Open the TA and read it!!!

Look at the Lump Sum Payment Distribution (2015) section near the end of the TA. Your answer is written in plain English:

"Each pilot's lump sum payment category shall be determined by the highest crew status in which he was active during the amendable period. Pilots who received passover pay during the amendable period will receive a lump sum payment based on their highest active crew status or the crew status to which they received passover pay."

So, I should feel like, because of the interim agreements, I am getting screwed! Before being excessed I was a WB Captain when the first amendable period came around! That's it Fire everyone and start over!!!! :rolleyes:

NoHaz 09-05-2015 01:31 PM

I am amazed how well the company patched their senior manning concerns with the announced retirement bonus and sick leave buyback. The sick leave buyback keeps you working hard for 2 years to overcome the -$520,000 and maximize your DSA. The planned retirement bonus will keep many through this peak and anyone considering retiring next year to wait until after next peak. I'd expect no significant retirement numbers until Dec 2016. I know it is being discussed as a win in the TA Q&A and videos but I'd bet the company proposed it and is quite satisfied.

Viper446 09-05-2015 01:51 PM

Oh, oh, Shenanigans are lose. Just read the contract and vote, its that simple. No comments on here are going to sway anyone one way or the other. If you don't like this contact, vote no. If people haven't learned, its business. Its no harm or threat to the company if you vote this down. The process resumes and it will be finalized at some point. Don't let emotions sway the way you should really vote. Read the contract and make an informed judgment and then move on. If this contract passes, take the good and enjoy your life. But I seriously doubt that life is going to change much if this TA passes. Your dream career won't become a nightmare, I doubt you'll even notice much changes. And I am not endorsing the contract one way or another.


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