Sell Leave
12-20-2012 | 09:07 AM
#2
Prime Minister/Moderator
Joined: Jan 2006
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From: Engines Turn or People Swim
12-20-2012 | 09:23 AM
#3
Gets Weekends Off
Joined: Dec 2007
Posts: 404
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From: Retired
One of the reasons to sell leave is the condition of the economy. When I retired, no one was hiring. I worked right up to the last day and then had 90 days of base pay to tide me over for a few months while I looked for a job. Of course, the optimal is to get hired just before you retire, take terminal leave, and start training with your airline. The guys that pulled this off were my heroes!!
12-20-2012 | 09:26 AM
#4
Gets Weekends Off
Joined: Nov 2009
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12-20-2012 | 09:28 AM
#5
Gets Weekends Off
Joined: Mar 2008
Posts: 13,843
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From: FAA 'Flight Check'
One of the reasons to sell leave is the condition of the economy. When I retired, no one was hiring. I worked right up to the last day and then had 90 days of base pay to tide me over for a few months while I looked for a job. Of course, the optimal is to get hired just before you retire, take terminal leave, and start training with your airline. The guys that pulled this off were my heroes!!
I had no reason not to, I didn't have a job lined up. The check that came to the direct deposit some time later was a nice infusion to the checking account.
EFD01 - no....I don't remember having to do anything special to request for the leave payback.
USMCFLYR
12-20-2012 | 09:42 AM
#6
Prime Minister/Moderator
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From: Engines Turn or People Swim
12-20-2012 | 11:18 AM
#8
Line Holder
Joined: Jan 2007
Posts: 454
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From: B717 CA
12-20-2012 | 01:06 PM
#9
Gets Weekends Off
Joined: Oct 2011
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From: King of somewhere hot....
Never sell leave, it's taxed to about 25% at the federal level and you don't have benefits or incentive pays for the period you sell you only get your base pay/BAH/BAS. I know it seems tempting, but you'd be best to not do it.
12-20-2012 | 05:08 PM
#10
On Reserve
Joined: Jan 2008
Posts: 145
Likes: 7
Your paycheck on terminal leave should be the same as it was before (I.e. you get BAS/BAH flight pay etc). When you sell leave back you only get your base pay which is why most people say its a bad deal but each situation is unique based on what you do or don't have lined up. The 25% tax is an IRS rule but you will probably get some of that back when you file taxes for that year based on your other income and deductions.
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