Bonus Payback?
09-26-2018, 01:36 PM
#1
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Bonus Payback?
Just curious if anyone knows how paying Republic back the sign on bonus works? Do I have the ability to pay monthly ? Don’t really have $10k laying around to give it back right now. I read somewhere they will take $100 a month is this still holding true.
Also are they going to go back and update my W2s to adjust my income? I don’t see it being fair me paying back earned money then still having to pay taxes on it as income. At this point it’s just a loan.
One more question, where do I send my letter of resignation to? Just the chief pilot/assistant ?
Also are they going to go back and update my W2s to adjust my income? I don’t see it being fair me paying back earned money then still having to pay taxes on it as income. At this point it’s just a loan.
One more question, where do I send my letter of resignation to? Just the chief pilot/assistant ?
09-26-2018, 05:19 PM
#3
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Joined APC: Mar 2018
Posts: 307
Originally Posted by MNpilot16
Just curious if anyone knows how paying Republic back the sign on bonus works? Do I have the ability to pay monthly ? Don’t really have $10k laying around to give it back right now. I read somewhere they will take $100 a month is this still holding true.
Also are they going to go back and update my W2s to adjust my income? I don’t see it being fair me paying back earned money then still having to pay taxes on it as income. At this point it’s just a loan.
One more question, where do I send my letter of resignation to? Just the chief pilot/assistant ?
Also are they going to go back and update my W2s to adjust my income? I don’t see it being fair me paying back earned money then still having to pay taxes on it as income. At this point it’s just a loan.
One more question, where do I send my letter of resignation to? Just the chief pilot/assistant ?
09-26-2018, 06:34 PM
#4
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Joined APC: Oct 2017
Posts: 120
Be very careful with the amount you payback
I answered this question in a previous post Bonus Payback - taxes?
Basically what you pay back depends if you are paying it all back in the same year that you received it or not. It is more complicated if you pay it back in a different tax year from when it was included in your W2.
Basically what you pay back depends if you are paying it all back in the same year that you received it or not. It is more complicated if you pay it back in a different tax year from when it was included in your W2.
09-26-2018, 08:53 PM
#6
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How about you tell republic and their stupid little scheme to shove it. I guess it’s too much to ask someone to be able to live like a real adult and support a family. I guess get your attorney involved but this is ridiculous that we have to even talk about this. Do you think Bedford pays money back to people? He declared banckruptcy! The fact that I have to even sit here and type this out is insane.
Last edited by sflpilot; 09-26-2018 at 09:06 PM.
09-26-2018, 09:10 PM
#7
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Originally Posted by sflpilot
How about you tell republic and their stupid little scheme to shove it. I guess it’s too much to ask someone to be able to live like a real adult and support a family. I guess get your attorney involved but this is ridiculous that we have to even talk about this. Do you think Bedford pays money back to people? He declared banckruptcy! The fact that I have to even sit here and type this out is insane.
haha that made me laugh. You know I was thinking the same thing ,how many creditors did republic screw over when they went into bankruptcy
I wish I could but honestly I think they would take legal action or at least report it to a collection agency. Ive read up on other airlines normally just "forget" about it but don't think thats the case with Republic.
09-27-2018, 05:38 AM
#8
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Posts: 307
Originally Posted by sflpilot
How about you tell republic and their stupid little scheme to shove it. I guess it’s too much to ask someone to be able to live like a real adult and support a family. I guess get your attorney involved but this is ridiculous that we have to even talk about this. Do you think Bedford pays money back to people? He declared banckruptcy! The fact that I have to even sit here and type this out is insane.
But if you’re paying something, I seriously doubt they would. I flew with a guy who quite at 10 months, and he had put the bonus in the bank, so he cut Republic a check when he quite. If you negotiate a payment plan, BLUF; I doubt they put it on your CR.
09-27-2018, 06:56 AM
#9
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Posts: 692
Originally Posted by Viking6
It’s a contract, so yes you should follow it, especially since they’re giving out 17.5K. Guaranteed they will report it to your credit report, probably bug you for years. BTW Envoy does the exact same thing, if you leave before the minimum per the contact. Sun Country has sued in local court in MN, so yeah it’s possible republic could take you to court.
But if you’re paying something, I seriously doubt they would. I flew with a guy who quite at 10 months, and he had put the bonus in the bank, so he cut Republic a check when he quite. If you negotiate a payment plan, BLUF; I doubt they put it on your CR.
But if you’re paying something, I seriously doubt they would. I flew with a guy who quite at 10 months, and he had put the bonus in the bank, so he cut Republic a check when he quite. If you negotiate a payment plan, BLUF; I doubt they put it on your CR.
09-27-2018, 02:08 PM
#10
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Posts: 307
Originally Posted by sflpilot
Yes because Suncountry puts you on the map. The standard is American, Delta, United, Southwest, UPS and FedEx. I’ll give a little love to JetBlue and Spirit. It’s supposed to be a job where you provide your services and the money flows from them to you. Just pay the salary and be done with it. These little deals and pay back agreements are nothing more than an embarrassment.
Agreed the money should be in the hourly rate, but that’s not the norm at any regional. All the “respectable” regionals offer bonuses. Lyft will probably result in some type of training contract at republic. Hopefully people educate themselves.
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