Netjets new payscale

[jetflyer]

There is a lot of concern regarding the probable length of this contract and how inflation will affect the buying power of the employees if it extends beyond the 5 year point.

However, if it does go beyond 5 years, the company has to adjust the entire payscale relative to the consumer price index commencing in 2013.

I'll base my numbers on a 4 year captain today and a 3% cost of living adjustment to the payscale 5 years from now. 5 years from now a 4 year captain will be a 9 year captain.

9 year capt 7/7: 115,000 cpi adjust: 118,000
10 yr capt 7/7: 119,000 cpi adjust: 125,000
11 yr capt 7/7 123,000 cpi adjust: 133,000
12 yr cpat 7/7 127,000 cpi adjust: 141,500

This is the beauty of a cpi adjustment on top of a longevity raise. The 12th year has a 14,5000 dollar difference in salary compared to no cpi adjustment.

The numbers for the 15 day and fixed 18 day schedule are 156,000 and 172,000 for a 12 year Capt in the above example. I think most people could survive on this pay with no problem.

This doesn't sound too bad Soccer.

Let's see if I am understanding this correctly. So let's say it is the year 2014 with an 8 year captain.

The captain would get his standard from the contract 3.5% raise when he becomes an 8 year Captain in 2014 and then would also get a CPI adjustment added to his pay?

So let's say the Consumer Price Index inflation number from the government says inflation was 13% in 2013, the pilot would get a 13% raise in addition to the 3.5% raise?

Is that correct?

Thanks

 

[soccer.1860]

partially correct

Those numbers I posted only apply if the company decides to 'exercise the option' which is posted in sec 30 of the contract.

If they don't, we start sec 6 negotiating in 2013.

Sec 6 may last up to two years and during that 2 year time period the cola adjustments will not happen and the only raises will be based on longevity.

 

[atpcliff]

Hi!

Skiandsurf:
U could substitite teach on your days off. WI is one of the most restrictive states to qualify as a sub, and all you need is a 4 year degree. It is paying about $120/day. So, if you subbed 4 days, ever tour home, you would make an extra $1000/month.

If I go NetJets, I will sub as much as my CEO will allow.

cliff
YIP

 

[soccer.1860]

incomplete answer to your question

sorry, forgot to answer that second part of your question.

I used a generic cpi adjustment to illustrate what the pay would look like. According to section 30 the cpi adjustment is based on information published by the bureau of labor statistics from the previous calendar year.

This means that the 2013 adjustment would reflect data published by the bureau for 2012.

I believe that if inflation went way up, our pay would adjust accordingly.

 

[brokeflyer]

My biggest concern is the credit card. I can learn to live with all the rest.

lol....you dont deserve to vote if that's your only reason.

 

[Stump]

Credit Card?

OK, I'll bite. What is the issue with the company credit card?

Stump

 

[xpdriver]

lol....you dont deserve to vote if that's your only reason.

No kidding!! get off the message board(lots of crap and false info) and go and read the TA. Lots of goods stuff in there....

 

[CE750Driver]

Remember, this is MY vote, that best fits my current needs. Your vote and needs will probably be different than mine. I would love it if we could all be BBJ PICs making $220,000. But that fact is, we only have 2 or 3 BBJs, so 95 percent of us will never be there. Since the majority of us will only fly the C-Xs and smaller, my hope is to bring up the pay for the majority. We currently have (close to) 800 post rat guys that are making less than $50,000. My kids are on the gov't assisted lunch program. If this passess, we will have NOBODY making less than $59,000 (not sure of the exact number). I hear of PICs laughing at SICs for taking all the crewfood to the hotel, or being "slam clickers"....its because we are BROKE.

When you started with NJs, what was the starting pay? what was the top pay? Are you making more than you ever thought you would make at NJs?....be honest.

When you got hired, how long was upgrade times? we are looking at close to 5 yrs, and probably longer for some.

When I was hired on here, I liked the 7n7. Then I realized that with no money, it did me no good. It does me no good to be home with no money.

Good try ski, but this affects about the top 300 in seniority, you know, the ones that on the last contract got the lowest percentage raise, and now are being asked to take no pay raise at all for a period of 1 to 5 years depending just how senior they are. Not the BBJ guys but the Cit X guys and Hawker and Falcon, the kind you say you are gonna fly.

You have made this obvious that this is YOUR vote. It doesnt change the fact that YOU are putting the noose around the senior guys necks, and I hope to god they have the chance to do it to you at some point down the line.

BTW. The pay freeze doesnt affect me, Im just junior enough. Still not enough of an idiot to throw ANY of our members down the well though. Let alone twice.

 

[skiandsurf]

Good try ski, but this affects about the top 300 in seniority,

I am trying to figure out what is more important...the guy making $150,000 wanting more or the guy making $39,000 who NEEDS more.

 

[windycty]

The top 300 in seniority are one of the main reasons that pay was so low at net jets to start with. These guys all paid alot of money for their training(PFT) back in the day to have a very bad flying job. Not exactly the cream of the crop people which is why they had to go to nj.

 

[skiandsurf]

The top 300 in seniority are one of the main reasons that pay was so low at net jets to start with. These guys all paid alot of money for their training(PFT) back in the day to have a very bad flying job. Not exactly the cream of the crop people which is why they had to go to nj.

This is pure BS...these guys are as good as anybody else. I have flown with a handful in the top 200, no complaints from me.

However, I do always ask them "if this job sucked so badly back then, why did you stay?" Their answer is always the same, "I knew that this would take off one day".

So, tell me the lotto numbers then.

 

[CE750Driver]

I am trying to figure out what is more important...the guy making $150,000 wanting more or the guy making $39,000 who NEEDS more.

I'm trying to figure out why everyone cant win. But it doesnt sound like everyone is in your vocabulary.

 

[xpdriver]

This is pure BS...these guys are as good as anybody else. I have flown with a handful in the top 200, no complaints from me.

However, I do always ask them "if this job sucked so badly back then, why did you stay?" Their answer is always the same, "I knew that this would take off one day".

So, tell me the lotto numbers then.

I have to call BS..........Nobody in there right mind would stay flying a cII if they could get a better paying job..

 

[flyipilot]

Good try ski, but this affects about the top 300 in seniority, you know, the ones that on the last contract got the lowest percentage raise, and now are being asked to take no pay raise at all for a period of 1 to 5 years depending just how senior they are. Not the BBJ guys but the Cit X guys and Hawker and Falcon, the kind you say you are gonna fly.

You have made this obvious that this is YOUR vote. It doesnt change the fact that YOU are putting the noose around the senior guys necks, and I hope to god they have the chance to do it to you at some point down the line.

BTW. The pay freeze doesnt affect me, Im just junior enough. Still not enough of an idiot to throw ANY of our members down the well though. Let alone twice.

I hate to add this but, what comes around goes around. Sorry for the noose around the neck, but mine is feeling a little bit looser if this passes. You guys sold out all the new hires and future pilots on bases and pay. So, time to pay up on this end. No one here thought of the future guys. If they did you would have held tough and voted no on the 2005 until we ALL had hba. But, you chosr to take care of your own so, how can I look to the tp paying guys and not take care of me first. When does this pilot group start thinking of everyone? I hate to see anyone take a pay cut, pay freeze or give up anything. But, then again, I would have never sold out any new hires..(on property or not). This new IBB makes it attractive for new people to come here..and that is awesome! I look forward to the new deal! On the next contract I promise to push for you to keep your hba and get you a huge pay raise!

 

[wings421]

Sorry to be ignorant (don't usually read NJ threads) but is there any restriction to how close you have to be to one of these new bases? Also, didn't you guys just get a new contract a while back (like the last two years)? It just seems so soon to have a new contract (again, I usually don't read the Frac stuff but the new bases and pay caught my eye).