Lump Sum Pay Advice
02-08-2013, 11:07 AM
#31
Gets Weekends Off
Joined APC: Dec 2005
Position: Retired
Posts: 153
Pretty close if you were a CAL pilot. Lump sum will be paid in two payments, 60% on 1 Feb and 40% after SLI. But wait, 40% of first payment was with held for pending litigation. Finally, another 40% is held back for taxes.
$10k x 60% = $6k
$6k x 60% = $3.6k
$3.6k x 60% = $2160
Looks like you're short $610 though.
$10k x 60% = $6k
$6k x 60% = $3.6k
$3.6k x 60% = $2160
Looks like you're short $610 though.
02-09-2013, 03:17 PM
#32
Gets Weekends Off
Thread Starter
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,900
Pretty close if you were a CAL pilot. Lump sum will be paid in two payments, 60% on 1 Feb and 40% after SLI. But wait, 40% of first payment was with held for pending litigation. Finally, another 40% is held back for taxes.
$10k x 60% = $6k
$6k x 60% = $3.6k
$3.6k x 60% = $2160
Looks like you're short $610 though.
$10k x 60% = $6k
$6k x 60% = $3.6k
$3.6k x 60% = $2160
Looks like you're short $610 though.
The website showed a total value for the lump sum payment: traunch 1 + hold back (for disputes) + traunch 2 (after SLI).
Traunch 1 is 60% of the total - the approx 5% holdback
Traunch 2 is 40% of the total
Traunch 1 is divided into two parts in the event of litigation. 40% was released to us already and 60% was withheld until later in February or early March.
So you received 40% of traunch 1 minus 25% federal bonus tax, 6.2% SS, 1.45 % medicare, 1.95% ALPA, minus state and local taxes if applicable.
Sounds like you were paid correctly to me.
02-09-2013, 03:33 PM
#33
Banned
Joined APC: Oct 2010
Position: IAH 737 CA
Posts: 690
Not entirely correct.
The website showed a total value for the lump sum payment: traunch 1 + hold back (for disputes) + traunch 2 (after SLI).
Traunch 1 is 60% of the total - the approx 5% holdback
Traunch 2 is 40% of the total
Traunch 1 is divided into two parts in the event of litigation. 40% was released to us already and 60% was withheld until later in February or early March.
So you received 40% of traunch 1 minus 25% federal bonus tax, 6.2% SS, 1.45 % medicare, 1.95% ALPA, minus state and local taxes if applicable.
Sounds like you were paid correctly to me.
The website showed a total value for the lump sum payment: traunch 1 + hold back (for disputes) + traunch 2 (after SLI).
Traunch 1 is 60% of the total - the approx 5% holdback
Traunch 2 is 40% of the total
Traunch 1 is divided into two parts in the event of litigation. 40% was released to us already and 60% was withheld until later in February or early March.
So you received 40% of traunch 1 minus 25% federal bonus tax, 6.2% SS, 1.45 % medicare, 1.95% ALPA, minus state and local taxes if applicable.
Sounds like you were paid correctly to me.
Aren't ALPA dues now 1.90%?
02-09-2013, 03:50 PM
#34
Gets Weekends Off
Joined APC: Feb 2011
Posts: 3,866
Not entirely correct.
The website showed a total value for the lump sum payment: traunch 1 + hold back (for disputes) + traunch 2 (after SLI).
Traunch 1 is 60% of the total - the approx 5% holdback
Traunch 2 is 40% of the total
Traunch 1 is divided into two parts in the event of litigation. 40% was released to us already and 60% was withheld until later in February or early March.
So you received 40% of traunch 1 minus 25% federal bonus tax, 6.2% SS, 1.45 % medicare, 1.95% ALPA, minus state and local taxes if applicable.
Sounds like you were paid correctly to me.
The website showed a total value for the lump sum payment: traunch 1 + hold back (for disputes) + traunch 2 (after SLI).
Traunch 1 is 60% of the total - the approx 5% holdback
Traunch 2 is 40% of the total
Traunch 1 is divided into two parts in the event of litigation. 40% was released to us already and 60% was withheld until later in February or early March.
So you received 40% of traunch 1 minus 25% federal bonus tax, 6.2% SS, 1.45 % medicare, 1.95% ALPA, minus state and local taxes if applicable.
Sounds like you were paid correctly to me.
02-11-2013, 06:26 AM
#36
Gets Weekends Off
Thread Starter
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,900
02-11-2013, 08:37 PM
#37
Gets Weekends Off
Joined APC: Jan 2007
Posts: 234
02-12-2013, 05:02 AM
#38
(retired)
Joined APC: Apr 2011
Position: Old, retired, healthy, debt-free, liquid
Posts: 422
Eight years after implementation, staffing issues notwithstanding, there are still a few individuals trying to bid SAN turns out of Houston at 70% BES with no fallback bid groups...guess what happens? Hiring qualities have declined dramatically over the last 35 years.
Last edited by Old UCAL CA; 02-12-2013 at 05:37 AM.
02-12-2013, 07:06 AM
#39
Peace Love Understanding
Joined APC: Nov 2012
Position: Airbus
Posts: 1,040
If you are junior, you are left with what's left over regardless of PBS or company built lines. If you don't understand it you will also probably not like it. We have the same complaints on our side. I was lucky to be very involved in the PBS training so I understand it very well.
There needs to be some pilot to pilot training once we are all on the new system.
There needs to be some pilot to pilot training once we are all on the new system.
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