[QUOTE=Nautical Wheeler;158404]Your math evades me. 3% for 401k Contributions if you participate and if you put in at least 6% yourself. However remember just last month we received hefty reimbursement checks from our 401k. Remember the government rule (not Chouest) Highly compensated employees (making more than 120k per year)are only allowed to put in a small percentage into the company 401k than the average of the guys making under 120k per year. I myself goy almost 6k back. Not all employees are contributing, so you cannot make a blanket statement when not everyone participated.
Until next pay stub we will not know if they did or did not cut holiday pay. But for the sake of argument, lets say they did. There are only 5 double days a year. So thats averaging 4 days out of 242 for sake of argument working 28/14 or 3 out of 180 for sake of argument. Depending on what vessel and officer position you will earn 625-1350/day. That averages to 987.5 per day, but lets call it 880 as the little boats top out at that. 242 x 880 = 212,960 per year. 4 x 880 = 3520. 2 % of 212,960 is $4,259. Far more than the $3520 if you missed 4 of the 5 double days.
You receive half day getting on and half day getting off. If you work a full day on the day you arrive noon to midnight, then the day you get off you wake up and leave. If its midnight to noon, you work half a day getting on and half a day getting off. Were you getting a full day coming and going? If you were then you were working overseas. If you are working overseas you are working 60/30 and only have 4 crew changes a year. so go ahead and add 4 more days of pay you are still under 2%.
You didnt even mention loosing that big $350 in travel pay one way. If you add up all your numbers you still fall at about 6.5 % if you contributed to 401K and if you received travel pay and if you work overseas and if you work 4 holidays, which for the sake of argument I will even grant you. But thats a lot of conditions. And if you are working overseas, then you are an officer and my day rates were spot on. Unless you work on the DSB1, DSB2, Joe Griffin, or the Holiday in Brasil which make better than the other boats. Your statement is a blanket that covers all, but the things you mention make you very specific. So take your thumb out your mouth, stop whining, be glad you are not without a job and man up.
Also, I would recommend some basic math classes at your local community college.[/QUOTE]
You cannot count the reimbursement for the 401K for anything, it is what is coming back to you for the overage per gov rule that you paid into your own account. The 6K you got back evades me, I’m maxxed out, and only got back a little over 4K. The 3% match is still a cut.
I have heard rumors on the holiday pay but the call I got from my coordinator in Galliano said no…BUT, they have now changed the ongoing and offgoing pay: no matter what time you left the house it would be a ½ day pay, ½ day for the day you came in early and are sitting in meetings, ½ day pay for the day you join, ½ day pay for the day getting off, and then ½ day pay for the day you get home.
Oh, all of the boats in Brasil are now working 28/28, no choice. So, if you were working 56/28, that is a cut as well.
Loss of 56/28 to 28/28: 243 / 182 = 61 days
Loss of full day you depart the house: .5 x 6 = 3 days
Loss of full day for early arrival: .5 x 6 = 3 days
Loss of full day for first day: .5 x 6 = 3 days
Loss of full day for last day: .5 x 6 = 3 days
Loss of full day for arriving home: .5 x 6 = 3 days
Total of 76 days cut compared to 243 +12 = 255 actual original virgin pay days is just a little over 6.5% or 10%, more like 29% + whatever the 3% match would be. Dang, forgot to add in the holiday pay…
I’m not bitching as I have a job, but most of the figures I have seen are shite’.