Crzipilot
Veteran
- Joined
- Mar 23, 2004
- Messages
- 906
- Reaction score
- 254
Sorry, but the explanation I got today was. We were notified in the Iron Compass, that ONLY credited hours would be applicable to retro pay. So if you deposited money into your bank, and kept it in that bank. Guess what? You don't get retro pay for that, they converted it as though you got a pay raise. This is what the NAC supposedly discussed with the company with how to handle pay bank. BUT if you deposited hours, one month, and used it the next month, then of course you would get paid retro pay. You see, if you get a pay raise your hours in your pay bank get converted. THAT was the NAC explanation. Really? YGTBSM I mean with this, than any PNC time shouldn't be paid retro either. WTF are these guys thinking, it's as bad as the J4J hold arbitration.
"Everyone is going to see an adjustment in the bank.
In our discussions on the retro piece it was based in what your credited time for the month is. The time that goes into the bank is not credited for the month so it doesn't fall in to the retro pay.
Conversely if you withdrew from the bank it was credited time so it was covered by the retro. It was done this way to be consistent that all credited time was covered by the retro pay.
We communicated this to the pilots a couple months ago in the Iron Compass."
So I'm guess that they saved the company a cool Mil or so.
"Everyone is going to see an adjustment in the bank.
In our discussions on the retro piece it was based in what your credited time for the month is. The time that goes into the bank is not credited for the month so it doesn't fall in to the retro pay.
Conversely if you withdrew from the bank it was credited time so it was covered by the retro. It was done this way to be consistent that all credited time was covered by the retro pay.
We communicated this to the pilots a couple months ago in the Iron Compass."
So I'm guess that they saved the company a cool Mil or so.