Metropilot
Member
- Joined
- Dec 29, 2001
- Posts
- 16
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vc10 said:Q Mesaba Pilots will be the only pilots used to do flying for Mesaba Aviation, Inc. (Mesaba), MAIR Holdings, Inc. (MAIR) or any future subsidiary of MAIR. (MAIR is the parent company for Mesaba.)
vc10 said:Q Captain pay increases are 5.1% across the board. The Captain payscale tops out at 18 years and pay rates differ by the aircraft type, as delineated by seat ranges.
Q All pilot payscales will increase by 2% for the first two years after signing, and 4% over the last two years.
vc10 said:Q Pilots will still be guaranteed 75 hours of pay, regardless of the amount of flying a pilot does. If a pilot flies more than 75 hours, they will be paid for the total amount. (e.g. a pilot actually flies 55 hours in a month, they are paid for 75; a pilot actually flies 85 hours in a month, they are paid for 85)
vc10 said:Q For every duty day, a pilot will be guaranteed 4 hours of pay. For example, if a pilot operates two MSP-STC round trip flights over one day, the actual flight credit for the entire day (four flights) is only worth 2:40. If the first round trip operates between 9 am and noon, and the second operates from 5pm to 8pm, the pilot is on-duty for 11 hours. Mesaba will pay 4 hours as a minimum day guarantee.
vc10 said:Q Retroactive Pay: All pilots will receive a retroactive paycheck within 30 days of the date of signing of the new contract. The amount of the paychecks will vary from $450 to $6300 depending on the amount of flight pay earnings for 2003. First Officers will receive a retro payment of 10% of their pay from 2003, and Captains will receive a retro payment of 5% of their pay from 2003.
vc10 said:Retirement
The improvements in retirement greatly increase the amounts of matched contributions made by the Company. Under the new matching and vesting schedule agreed to, a pilot with a 30 year career at Mesaba, deferring 15% of income in addition to the full employer match will retire with 55% of his final average earnings, using common actuarial assumptions.
vc10 said:Q Per-Diem: 10 cent increase to $1.45/hr of duty, $.05 increase per year
Retirement
The improvements in retirement greatly increase the amounts of matched contributions made by the Company. Under the new matching and vesting schedule agreed to, a pilot with a 30 year career at Mesaba, deferring 15% of income in addition to the full employer match will retire with 55% of his final average earnings, using common actuarial assumptions.
YOS CA FO 40-59 Passenger Jet
0-1 54.33 23.08
1-2 55.97 27.67
2-3 57.66 30.38
3-4 59.38 33.09
4-5 61.15 34.08
5-6 63.00 35.10
6-7 64.89 36.15
7-8 66.83 37.24
8-9 68.83
9-10 70.90
10-11 73.02
11-12 75.21
12-13 77.47
13-14 79.80
14-15 82.19
15-16 84.66
16-17 87.20
17-18 89.81
DoinTime said:Your retirement benefits should not be contingent upon your salary deferment. If this were a true benefit you would get the company match regardless of your contribution. Most would be hard pressed to make that 15% contribution under the listed payscales aswell.
NEWSOUTH said:Sorry but those graphs are 03' rates.
Draw your own conclusion from this:
PCL 3yr CA at 60.31 (50 seat)
MSA 3yr CA at 61.07 (69 seat)