Signing Bonus ?
02-11-2018 | 08:19 PM
#41
Line Holder
Joined: Jun 2014
Posts: 495
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From: A320 CA
Are there differing tax consequences—for the Company or the recipient? Does one pay out even if someone retires prior to the date of signing?
I’ve seen several posts where folks have some strong feelings ref. calling it one thing or another and I still haven’t seen an explanation of any difference other than semantics.
02-12-2018 | 05:46 AM
#42
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Joined: Feb 2007
Posts: 1,451
Likes: 24
From: Airplanes
I'd argue that it's 0% or less. This payment includes the next 12 months difference in the current 4:15 daily guarantee and the 5:00 that will come into effect once PBS is established. Take the number of days that you will work in the next 12 months, multiply by .75, and multiply by your hourly. We're either giving them the next 12 months of duty period guarantee improvement for free or we're waiving the last 3 years.
02-12-2018 | 07:30 AM
#43
Gets Weekends Off
Joined: Nov 2006
Posts: 765
Likes: 0
From: A320 CA
I'd argue that it's 0% or less. This payment includes the next 12 months difference in the current 4:15 daily guarantee and the 5:00 that will come into effect once PBS is established. Take the number of days that you will work in the next 12 months, multiply by .75, and multiply by your hourly. We're either giving them the next 12 months of duty period guarantee improvement for free or we're waiving the last 3 years.
02-12-2018 | 08:37 AM
#44
On Reserve
Joined: Apr 2015
Posts: 15
Likes: 0
I'd argue that it's 0% or less. This payment includes the next 12 months difference in the current 4:15 daily guarantee and the 5:00 that will come into effect once PBS is established. Take the number of days that you will work in the next 12 months, multiply by .75, and multiply by your hourly. We're either giving them the next 12 months of duty period guarantee improvement for free or we're waiving the last 3 years.
First of all as someone already pointed out, 4:15 is not our min day, it's 4 or 4:30. Second, you would only look at days you are working that are currently below 5 hours. Then of those you may get up to a half hour more, unless they day is somewhere between 4:30-5:00 in which case you it would be less than :30.
02-12-2018 | 08:51 AM
#45
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Joined: Mar 2009
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02-12-2018 | 10:37 AM
#46
On Reserve
Joined: Jan 2018
Posts: 19
Likes: 0
Sorry for butting in here, but I have an honest question. What is the difference between a retro payment and a ratification bonus? I’m not being sarcastic. I really don’t know the difference.
Are there differing tax consequences—for the Company or the recipient? Does one pay out even if someone retires prior to the date of signing?
I’ve seen several posts where folks have some strong feelings ref. calling it one thing or another and I still haven’t seen an explanation of any difference other than semantics.
Are there differing tax consequences—for the Company or the recipient? Does one pay out even if someone retires prior to the date of signing?
I’ve seen several posts where folks have some strong feelings ref. calling it one thing or another and I still haven’t seen an explanation of any difference other than semantics.
With a ratification bonus, it's simply a bonus of cash paid for "ratifying" the agreement- a sweetener.
02-13-2018 | 05:09 PM
#48
Gets Weekends Off
Joined: Jul 2008
Posts: 5,585
Likes: 328
Sorry for butting in here, but I have an honest question. What is the difference between a retro payment and a ratification bonus? I’m not being sarcastic. I really don’t know the difference.
Are there differing tax consequences—for the Company or the recipient? Does one pay out even if someone retires prior to the date of signing?
I’ve seen several posts where folks have some strong feelings ref. calling it one thing or another and I still haven’t seen an explanation of any difference other than semantics.
Are there differing tax consequences—for the Company or the recipient? Does one pay out even if someone retires prior to the date of signing?
I’ve seen several posts where folks have some strong feelings ref. calling it one thing or another and I still haven’t seen an explanation of any difference other than semantics.
02-14-2018 | 07:26 AM
#49
Line Holder
Joined: Apr 2016
Posts: 778
Likes: 16
From: A320 CA
And continues to be industry standard because employee groups are simply too beat down to hold out for it.
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