[QUOTE=anchorman;42785]Most all drill companies are 6%, dollar for dollar. Seadrill is 8%, but I sure like what Diamond does with their profit sharing, which is in addition to 401k[/QUOTE]
MSC has a Thrift Savings Plan instead of a 401k and they match the first 5%, they also have the Federal Retirement “FERS”. MSC’s pay is a little complicated because of the Salary and Over Time senarios that are possible.
Base [U]salary[/U] for a 2nd Mate watchstander, (while training or on a small vessel like a Tug or Salvage Ship, etc.) is $180 a day and $47 Hr OT,
On most UnRep Ships, $213 a day and $57 hr OT.
Those per day figures are for 8 hour days and are payed every day of the year, on ship or on leave because it’s a salary.
Watchstanders get OT when they stand watch on weekends, (that’s 64 hrs automatic OT per month) and holidays in addition to anything worked outside of 8 hours a day…
Assuming: 31 days @ $213=[U]6603[/U] +64hrs OT@ $57= [U]3648[/U] +4hrs OT x 31 days @$57=[U]7068[/U] =[U]17319[/U] per month ($559 per day)
All travel is payed/reimbursed. Several different paid training schemes are offered.
There is other money that comes ones way, like penalty pay for certain types of work, and some other pay I haven’t figured out yet.
MSC pays every 2 weeks, so that’s 26 pay days a year.
There are Day Worker positions and there are a multitude of positions and a variety of wages. It aint simple, but the pay scales can be found here: http://www.msc.navy.mil/civmar/payroll.htm
[I]2010 East Coast Pay Charts (Revised 7/30/10)[/I]
[I]2010 West Coast Pay Charts (Revised 7/30/10)[/I]
<!-------------------- content ends here ------------------------->
(FYI, I’ve been in training for the last month and have another month to go. MSC is paying for the Holiday Inn I’m at and are paying me $266 a week to feed myself, in addition to my base salary. A full breakfast is served free at the Hotel each morning, transportation to/from the school is provided.)