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The check on (or near if the 15th is a weekend) the 15th is always the same. It will be 36 hours at your pay rate.
The Check on the last business day of the month is 36 hours plus per diem and any additional hours from the previous month. If you credit 92 Hours in October, your November 30 check will be: 36 Hours Base Pay 20 Hours Retro Pay (92 hours minus 72 hours paid out in October as base pay) If you are on reserve and do not break guarantee, the extra 3 hours (rsv guarantee is 75) will be on the end of the month check. Income during training is pretty good compared to the first few checks on reserve. 24/7 per diem at 1.80 an hour really adds up. It'll be a few pay checks at only base pay before per diem and overages catch up with you once you make it to the line. I wrote my budget (and still do) to reflect 75 hours of pay each month plus 200 per diem. If you are going to a base where you may not fly a lot on reserve then you may want to adjust that per diem figure. I have been at Eagle about 3.5 years and have averaged 92 hours of pay each month since completing training. This includes one worked vacation and one part-time line month. You can figure your gross pay by multiplying first year pay (25.08) times your budget number, then add per diem 1.80 times your budget number. After Jan. 1 the new numbers should be 25.45 and 1.85 Takehome pay is a bit trickier to estimate as per diem is not taxed for any sequences where you overnight. Daytrips and ready reserve where you go home that night are taxable. I put first year numbers into my spreadsheet and came up with the following. Estimating 75 Hours of Pay and 200 Hours per diem. Tax/Income/Budget TAFB 200 Per Diem Hr Rate Stnd Deduct 10,900.00 GRTR 75 $1.80 $25.08 Taxable Mo Gross Mo Gross Yr $902.88 $978.12 $2,241.00 $26,892.00 $26,892.00 Taxable Yr $1,881.00 $22,572.00 Taxes IL State $647.16 Soc Sec $1,399.46 Medicare $327.29 Fed 10% $2,257.20 Fed 15% $0.00 FALSE Fed 25% $0.00 FALSE Total Taxes $4,631.12 After Tax $22,260.88 $1,855.07 Monthly Annually Union Dues $34.11 $409.34 I think it's 1.95% Roth 401K $131.67 $1,580.04 Contribute 7% to maximize the company match Medical 1 $109.18 $1,310.16 Half of Emp +1 Rate for 2011 Medical 2 $109.18 $1,310.16 other plans from ~50~130 per person Dental $15.76 $189.12 Dental for Emp +1 Total $529.00 $6,348.05 Final Takehome Pay Estimate Monthly First Year $1,326.07 $15,912.83 This should be pretty close. My tax numbers may not have been updated since the previous tax year but I think everything is fairly close. Remember that we may have a large income tax increase for 2011 also. |
Wow, just think what you would make at tsa, great lakes or Mesa.
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Does anyone know when the Vacancy/Displacement Awards come out?
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Originally Posted by ccjaxpilot
(Post 908888)
Does anyone know when the Vacancy/Displacement Awards come out?
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Originally Posted by Flyby1206
(Post 908924)
Havent seen anything yet, but I'm watching it like a hawk trying to get a copy of the prelim results ASAP.
Where do you look? Jetnet? ALPA website? |
Originally Posted by ccjaxpilot
(Post 908937)
Where do you look? Jetnet? ALPA website?
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Originally Posted by Mason32
(Post 908975)
Try Wikileaks
Originally Posted by ccjaxpilot
(Post 908937)
Where do you look? Jetnet? ALPA website?
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A couple of questions... 1) How long from call to interview these days? 2) How long from interview to class? 3) What is the training schedule like for ERJ and location for each training event? 4) Heard a whisper of at home computer based training similar to Compass school for the first part of training. Any truth to that? 5) What is life as a FO ORD ERJ pilot for the first year or two like? I know sitting reserve but I need more details... Thanks to all replies in advance. I appreciate your effort to answer my questions!
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Ya I see that. That's my bad. Not my intention. Just trying to squeeze some fresh info out of these Eagle folks. Now on with discussion...
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