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-45- 19. Q. What difference does it make whether I was a captain or not? A. There are three ways to compute the basic compensation which is used to compute annuity credits for service July 1, 1949. One method applies to pilots whose compensation in each month of 1948 (or in each month in which they had service as an air line pilot) was based in whole or in part on flight hours. The second method applies to those who received a stipulated salary in each month in 1948 in which they worked as air line pilots. The third method applies to those who, in some month or months in 1948, were paid a stipulated salary, and in one or more months in that year received pay based in whole or in part on flight hours. A copilot will usually get a stipulated salary. If you fly as captain, you will almost certainly be based mainly on flight hours. A captain may be a chief pilot; in flying as such he will usually be paid a stipulated salary. For exact calculation of the compensation base applicable to prior service, it will be necessary to know the amount and the basis or bases of each pilot's 1948 pay. 20. Q. In every month in 1948 my pay was based, in part at least, on flight hours, and my total pay was the same as in 1947--$7500. My total flight hours were 960the What will my annuity credit for service before 1948 be? A. If you earned $7500 in 1948, all based at least in part on flight hours, and the number of such flight hours was 960, the monthly compensation applicable to all your service before July 1, 1949, will be $651.04. Therefore, your annuity credit for each year of service will be $7.5104. If you have 5 years of service prior to July 1, 1949, your annuity credit for that prior service will $37.55 a month. 21. Q. I understand that the $37.55 in the preceding answer is five times $7.5104; and $7.5194 is $1.00 plus 1 per cent of $651.04. But how was the $651.04 derived? A. For a pilot whose pay in each month in 1948 was based in part or wholly on his flight hours, the average monthly compensation applicable to service before July 1, 1949, is calculated by dividing the 1948 total by the number of flight hours, and multiplying the result by 83-1/3. Any end result over $1000 is reduced to $1000. Thus, $6500 divided by 960 is $7.8125. The product of $7.8125 multiplied by 83-1/3 is $651.04. 22. Q. I was hired as a copilot by an air line in July, 1941. From April 1942, through August, 1945, I served in the Army Air Forces. I came back to the air line as soon as I got out of the Army and I earned $7200 for 1000 flight hours in 1947, all my pay involving flight hours. I have served as an air line pilot or in the Army in every month since July, 1941. What will my annuity credit be for the service before July 1, 1949? A. You will receive credit for your Army service, subject to one reservation, on the same basis as your service for the air line. Your prior service, therefore, will amount to 8 years: that is, July, 1941, through June, 1949. The monthly compensation applicable to your service prior to July 1, 1949, will be $600. ($7200 divided by 1000 is $7.20. $7.20 multiplied by 83-1/3 is $600.) The annuity credit for each year of service before July, 1949, would be $7.00--$1.00 plus 1 per cent of $600. Your annuity credit for service prior to July 1, 1949, will therefore be 8 times $7.00 or $56. 23. Q. You stated that the answer about military credit is subject to
