Move to Republic
08-12-2018, 08:52 PM
#32
Gets Weekends Off
Joined APC: Feb 2014
Posts: 284
Not sure if I really grasped what you said, but basically you'd have to pay back the bonus if you left within 2 years. Nothing says that you have to stay for 2 years. Each month you stay, you get to keep 1/24 of the bonus. So if you only stay for a year, you'd only have to pay back half of what you took.
Would you really have to pay back half of what you were given? If you stay for 15 months, you’d have received $12,500 by that point. If the bonus is $17,500 / 24 it’s worth $729/mo. After that 15 months you would have “earned” $10,937 so you’d have to pay back $1,562, no? Just a portion of the last payment.
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08-13-2018, 04:01 PM
#33
Home-based
Joined APC: Jun 2018
Position: Couch
Posts: 32
Would you really have to pay back half of what you were given? If you stay for 15 months, you’d have received $12,500 by that point. If the bonus is $17,500 / 24 it’s worth $729/mo. After that 15 months you would have “earned” $10,937 so you’d have to pay back $1,562, no? Just a portion of the last payment.
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Also, I believe someone said that the timer starts at completion of IOE, so have to keep that in mind.
08-14-2018, 07:27 AM
#34
Gets Weekends Off
Joined APC: Jul 2018
Position: First Officer
Posts: 128
- $1,500 at the end of your first 30 days (I got this in my first paycheck like day 6)
- $8,500 when you complete your training and IOE
- $2,500 at 12 months of employment
- $2,500 at 18 months of employment
- $2,500 at 24 months of employment
- $8,500 when you complete your training and IOE
- $2,500 at 12 months of employment
- $2,500 at 18 months of employment
- $2,500 at 24 months of employment
10-17-2018, 07:11 AM
#35
On Reserve
Joined APC: Oct 2018
Position: E135 Captain
Posts: 13
Could you take a look at that PDF for me or DM me a copy? I'm not in a position yet to get recruiters on the phone because I have a few years before retirement from the military. I'm not so much concerned with the new soft pay "although it is always a factor" but how is the retirement plan laid out? I'm looking to interview with a solid regional in a few years and I am trying to stay put somewhere and build seniority. A respectable retirement plan is a must for me. I have noticed people mention 140 as the top pay at YX, is that a thing now? Any help would be appreciated.
10-17-2018, 07:18 AM
#36
Gets Weekends Off
Joined APC: Jan 2014
Posts: 1,091
Could you take a look at that PDF for me or DM me a copy? I'm not in a position yet to get recruiters on the phone because I have a few years before retirement from the military. I'm not so much concerned with the new soft pay "although it is always a factor" but how is the retirement plan laid out? I'm looking to interview with a solid regional in a few years and I am trying to stay put somewhere and build seniority. A respectable retirement plan is a must for me. I have noticed people mention 140 as the top pay at YX, is that a thing now? Any help would be appreciated.
All this information is available in Aerocrew News (Free digital subscription). As a matter of fact, anybody who is looking to go to the Regionals in the near future should be reading that and keeping up with the contract changes. Not so much for the fluff pieces in the beginning, but for the tables in the back that compare all the airlines.
Now after saying all of that, if you are more then a few years from mandatory retirement when getting out of the Military; unless the current climate changes, retiring from a Regional should not be your goal.
10-17-2018, 11:34 AM
#37
Gets Weekends Off
Joined APC: Apr 2011
Position: ERJ 170
Posts: 729
The only thing retirement related any of these Regionals is going to have is 401K and flight benefits. I don't know how the 401K stacks up, but there is not that much difference between the Regionals. The good thing about working at a place like Republic who does all three Majors is that you could get retirement benefits on American, United, and Delta, whereas if you work at a place like Endeaver it would just be for Delta.
All this information is available in Aerocrew News (Free digital subscription). As a matter of fact, anybody who is looking to go to the Regionals in the near future should be reading that and keeping up with the contract changes. Not so much for the fluff pieces in the beginning, but for the tables in the back that compare all the airlines.
Now after saying all of that, if you are more then a few years from mandatory retirement when getting out of the Military; unless the current climate changes, retiring from a Regional should not be your goal.
All this information is available in Aerocrew News (Free digital subscription). As a matter of fact, anybody who is looking to go to the Regionals in the near future should be reading that and keeping up with the contract changes. Not so much for the fluff pieces in the beginning, but for the tables in the back that compare all the airlines.
Now after saying all of that, if you are more then a few years from mandatory retirement when getting out of the Military; unless the current climate changes, retiring from a Regional should not be your goal.
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10-17-2018, 11:51 AM
#38
Gets Weekends Off
Joined APC: Mar 2018
Posts: 307
Could you take a look at that PDF for me or DM me a copy? I'm not in a position yet to get recruiters on the phone because I have a few years before retirement from the military. I'm not so much concerned with the new soft pay "although it is always a factor" but how is the retirement plan laid out? I'm looking to interview with a solid regional in a few years and I am trying to stay put somewhere and build seniority. A respectable retirement plan is a must for me. I have noticed people mention 140 as the top pay at YX, is that a thing now? Any help would be appreciated.
10-18-2018, 11:54 AM
#40
On Reserve
Joined APC: Oct 2018
Position: E135 Captain
Posts: 13
The only thing retirement related any of these Regionals is going to have is 401K and flight benefits. I don't know how the 401K stacks up, but there is not that much difference between the Regionals. The good thing about working at a place like Republic who does all three Majors is that you could get retirement benefits on American, United, and Delta, whereas if you work at a place like Endeaver it would just be for Delta.
All this information is available in Aerocrew News (Free digital subscription). As a matter of fact, anybody who is looking to go to the Regionals in the near future should be reading that and keeping up with the contract changes. Not so much for the fluff pieces in the beginning, but for the tables in the back that compare all the airlines.
Now after saying all of that, if you are more then a few years from mandatory retirement when getting out of the Military; unless the current climate changes, retiring from a Regional should not be your goal.
All this information is available in Aerocrew News (Free digital subscription). As a matter of fact, anybody who is looking to go to the Regionals in the near future should be reading that and keeping up with the contract changes. Not so much for the fluff pieces in the beginning, but for the tables in the back that compare all the airlines.
Now after saying all of that, if you are more then a few years from mandatory retirement when getting out of the Military; unless the current climate changes, retiring from a Regional should not be your goal.
The 401k match breakdown is:
Yr
1-4= 3%
5= 3.5%
6-9= 5.5%
10-12 = 6%
13-15 = 8%
16+ = 9%
These are the numbers that start in 2020. The pay increase in 2020 is nice too, but I see where people are mad because it wasnt quite EDV or better. Close, but not quite.
Thanks for the link.
I just started following these forums not too long ago. I started my aviation career as a FW guy in deland, fl. I turned down a job with ASA back when the airlines were paying pilots with old shirt buttons and pocket lint but I have alot of friends who went on and got jobs, so I've been talking to them when I have questions. I am finding you guys to be helpful because you are more recent in the positions.
My goal is to not get into a cycle of upgrade and become the low guy on the seniority list. I'm more concerned with home time than money. I will have about 22 years before mandatory retirement. If I choose to move on, I will. I would never say never. What I am looking for right now is a company where if I choose to stay, I'll have a decent enough salary and 401k to be comfortable.
Thank you guys. I appreciate the insight.
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