Signing Bonus ?
02-11-2018, 08:19 PM
#41
Gets Weekends Off
Joined APC: Jun 2014
Position: A320 CA
Posts: 491
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
Gets Weekends Off
Joined APC: Feb 2007
Position: Airplanes
Posts: 1,402
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 APC: Nov 2006
Position: A320 CA
Posts: 765
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 APC: Apr 2015
Posts: 15
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
Gets Weekends Off
Joined APC: Mar 2009
Posts: 532
02-12-2018, 10:37 AM
#46
On Reserve
Joined APC: Jan 2018
Posts: 19
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 APC: Jul 2008
Posts: 5,034
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
Gets Weekends Off
Joined APC: Apr 2016
Position: A320 CA
Posts: 723
And continues to be industry standard because employee groups are simply too beat down to hold out for it.
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