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This is my exact point. A lot of these writers don’t know the difference between the two.
As stated above this guy would have had to work copious amounts of OT for that actual take home pay.
Quote:
Originally Posted by BugsyPal
Everything am reading refers to *PAY*, not total compensation, and that is where difference lies.
If someone asks what was/is your total compensation for a certain period, that normally includes all benefits and so forth. Total salary including OT and other cash paid is another matter.
All employees have two numbers attached to themselves; their total compensation package, *and* wages. A position may list annual salary of $60k, but on paper (and especially for tax purposes) that number is likely to be far greater for the employer.
Only things that really change by earing more money each pay period are FICA and other taxes, any savings/retirement deductions assuming they aren't capped or set at a certain number, ditto for healthcare deductions. Otherwise you don't get more or a better health plan, extra PTO or whatever benefits just because you made more for a pay period.
This crap has to stop. They need to either hire outside contractors, or change shifts and pay a night differential instead of paying someone $100/hr for working o etime. I wish Trump would take over the MTA. That would be a bigger swamp to drain than the government.
This crap has to stop. They need to either hire outside contractors, or change shifts and pay a night differential instead of paying someone $100/hr for working o etime. I wish Trump would take over the MTA. That would be a bigger swamp to drain than the government.
Only thing DT could do is get behind efforts to change federal Railway Labor Act in ways that severely limited railroad workers ability to strike, and or find away to put local interstate commuter RRs under same rules as interstate (NYCT versus LIRR or Metro-North for instance).
Good luck with that, it never will happen.
First and foremost unions have Albany by the short and curlies. That is not new and isn't going anywhere anytime soon. Long as Metro North and LIRR can engage in disruptive strikes or other work actions no one upstate has the balls to take them on.
This being said if people got together and voted to send Albany a clear message, that would give some cover and things *might* change. Again good luck with that.....
Only thing DT could do is get behind efforts to change federal Railway Labor Act in ways that severely limited railroad workers ability to strike, and or find away to put local interstate commuter RRs under same rules as interstate (NYCT versus LIRR or Metro-North for instance).
Good luck with that, it never will happen.
First and foremost unions have Albany by the short and curlies. That is not new and isn't going anywhere anytime soon. Long as Metro North and LIRR can engage in disruptive strikes or other work actions no one upstate has the balls to take them on.
Sadly, I would have to agree with you. The LIRR and Metro North are pretty much untouchable. These little SOB's have all of us commuters by the balls and there is nothing we can do about it. As soon as we demand change they'll round up all of their troops and strike. Screwing all of us commuters over.
Exactly for this guy to make this kind of “blood money” he’d pretty much have to work 7 days a week 16 hours a day
From above linked NYP article:
"But Caputo logged a staggering 3,864 overtime hours in 2018 — clocking in almost every weekend while averaging 15 hours a day, according to the MTA."
"
But the agency admitted he didn’t even log in most of his overtime hours doing his regular job — he mostly used his seniority to get first dibs on “opportunities” in other areas."
"Thanks to the terms of his union contract, Caputo was able to pull rank to grab extra hours in roles including driver, track welder, track patroller and mechanic, the MTA said."
In other words when OT wasn't available for his regular job, Caputo pulled rank and took what he could find elsewhere.
Like I said the number was probably total package monies.
Again with this; reading comprehension isn't up your street is it? Is your pension or whatever calculated based upon actual earnings or total compensation package, the latter is something you never see in your paycheck.
From above link:
"Caputo’s pension will be based on what he earned during his most lucrative three consecutive years on the job, according to the MTA — and he should be able to hit the maximum possible annual payout of $162,000 after logging massive overtime hours in his final years on the job.
In addition to the $344,147 in 2018, Caputo scored an extra $176,550 in 2017 and another $170,747 in 2016.
The resulting pension is more than his base salary of $117,499 — and more than double what it would have been without the overtime.
Earning his base salary alone, Caputo would only be eligible for a pension of around $69,000, according to the formula provided by the MTA.
But Caputo logged a staggering 3,864 overtime hours in 2018 — clocking in almost every weekend while averaging 15 hours a day, according to the MTA."
We're talking about straight OT pay here, *NOT* total compensation. The guy racked up OT hours and was paid accordingly, period end of story.
Non-management, hourly and anyone else paid strictly upon hours work are paid straight OT after working above certain hours. If you are paid $45/hr. for a 40 hour week that is $1,800 per week. If you work ten hours OT that number goes up by $450 for a total of $2,250. Your benefits don't change, neither does contributions to healthcare, union, savings or whatever. The only extra sums taken out reflect any change in payroll and income tax withholding.
Mr. Caputo is union, so his benefits are set by contract and have nothing to do with how much LIRR pays him each week.
You obviously have little to nil experience with OT and or vast amounts of it; otherwise you'd know this, and also know why some people decline OT after a certain amount. Yes, you get nice fat paychecks, but at some point you'll edge up into another tax bracket and or otherwise pay more in federal/local taxes.
Mr. Caputo likely was also looking at the oldest game in NYS and local union/civil service; pad your last several years before retiring with as much OT possible. Then submit your papers, sit back and wait for the inflated calculations to bring in a nice fat higher pension.
FDNY, NYPD, New York City Transit, and a long list of others all had this until state/city began to take the punch bowl away by creating new retirement *tiers* that lessened weight OT in pension calculations.
Post 9/11/01 surviving FDNY, NYPD and others had a choice to make; many were still under lower retirement tiers and had racked up significant OT in months/years after that horrible event. Those eligible for retirement then or in few years afterwards faced a choice. With less OT as years went by their salaries reverted down to normal. That also meant when pension numbers were run they'd get less in retirement. Many guys just put in their papers to lock in that money.
If an individuals position requires so much overtime to accomplish then then they need to hire another individual either full or part time to complete it. Paying what they are in overtime makes no sense especially for an agency that always claims they need more money.
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Where was his supervisor
