Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Cargo > FedEx
Signing Bonus/retirement question >

Signing Bonus/retirement question

Search

Notices

Signing Bonus/retirement question

Thread Tools
 
Search this Thread
 
Old 08-21-2015 | 10:29 AM
  #1  
Thread Starter
Gets Weekends Off
 
Joined: Jul 2007
Posts: 270
Likes: 0
Default Signing Bonus/retirement question

Lets say you are changing seats from F/O to Capt and you are activated between the TA and the date it is ratified. Which signing bonus would you get, Capt or F/O? I can't remember how that went with the last contract.

Same as if someone is retiring. Say you retire between the TA and the ratification, would you get the old or new retirement package (assuming they are different)?
Reply
Old 08-21-2015 | 10:41 AM
  #2  
MaxKts's Avatar
Part Time Employee
 
Joined: Jul 2006
Posts: 1,918
Likes: 0
From: Dispersing Green House Gasses on a Global Basis
Default

Signing Bonus is determined by your status on date of signing. Don't know how retirement works - I haven't done that yet 😄
Reply
Old 08-21-2015 | 11:06 AM
  #3  
Line Holder
 
Joined: Mar 2006
Posts: 1,480
Likes: 20
From: Crewmember
Default

Anyone heard rumors on how much the signing bonus will be?

Anyone heard rumors about how it will be paid, as in, lump sum or split as has been done in the past?
Reply
Old 08-21-2015 | 11:40 AM
  #4  
Banned
 
Joined: Nov 2006
Posts: 937
Likes: 0
From: On Food Stamps
Default

So your contract has been up since Oct 31 2010 right? But then you got something in terms of boost in pay right, so how long has it been since you received any kind of increase.
Reply
Old 08-21-2015 | 11:42 AM
  #5  
Bill Kilgore's Avatar
Line Holder
 
Joined: Apr 2012
Posts: 64
Likes: 0
From: Huey Gunship
Default

Originally Posted by Shaggy1970
So your contract has been up since Oct 31 2010 right? But then you got something in terms of boost in pay right, so how long has it been since you received any kind of increase.
2013 i think . . . someone will correct me if I'm wrong
Reply
Old 08-21-2015 | 11:59 AM
  #6  
AFEDEX's Avatar
On Reserve
 
Joined: Jul 2015
Posts: 24
Likes: 0
From: Former New Hire
Default

Originally Posted by 1st overnite
Lets say you are changing seats from F/O to Capt and you are activated between the TA and the date it is ratified. Which signing bonus would you get, Capt or F/O? I can't remember how that went with the last contract.

Same as if someone is retiring. Say you retire between the TA and the ratification, would you get the old or new retirement package (assuming they are different)?
2011 bonus was 1% of 2010 pensionable wages paid as a lump sum. Contract did not specify anything about seat position.
Reply
Old 08-21-2015 | 12:21 PM
  #7  
Gets Weekends Off
 
Joined: Feb 2011
Posts: 322
Likes: 0
From: Bus driver
Default

The contract that is in affect the day you retire is the retirement benefits you live with for the rest of retirement.
Reply
Old 08-21-2015 | 12:29 PM
  #8  
Gets Weekends Off
 
Joined: Nov 2006
Posts: 8,047
Likes: 0
From: 767 FO
Default

Originally Posted by Full pull
The contract that is in affect the day you retire is the retirement benefits you live with for the rest of retirement.
For the most part true, if you retire after the amendable date there can and has been some retroactivity.
Reply
Old 08-21-2015 | 01:28 PM
  #9  
Gets Weekends Off
 
Joined: Jul 2008
Posts: 705
Likes: 0
From: MD CA
Default

Retro is the only true value to make one whole. A signing bonus is a scam brought on by Management to pay 50% on the dollar really owed.

Why Union leadership has let this Camel's nose under the Tent is beyond comprehension.

And a Signing Bonus reenforces the theory of dragging out negotiations for the company. Then in future contracts, they delay to save $.
Reply
Old 08-21-2015 | 01:34 PM
  #10  
kronan's Avatar
Gets Weekends Off
 
Joined: Nov 2005
Posts: 2,424
Likes: 0
From: 757 Capt
Default

See Tony C's respose some time ago about the change in accounting rules that effectively prohibit a true retro pay.

2011 wasn't 50%, nor do I tkink 2006 was (although I don't have the details on my iPad)
The amount is negotiated, but whatever the percentage, it's better than the 0% received after our first contract was signed
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
USMCFLYR
Military
16
08-28-2008 09:15 PM
USMCFLYR
Hangar Talk
3
08-23-2008 08:37 PM
fedupbusdriver
Cargo
13
10-20-2006 05:36 AM
cargo hopeful
Cargo
21
03-05-2006 06:12 AM
Cjp21
Major
6
02-28-2006 06:44 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices