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Post by TCU 2U2 on Jan 9, 2019 13:44:40 GMT -5
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Post by alwayswx on Jan 15, 2019 9:41:59 GMT -5
Hopefully each vendor has money for salaries for several pays. If not CWO won't get either.
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Post by hlsto2 on Jan 15, 2019 11:41:58 GMT -5
I believe contractors are required to have a 90 days supply of money for backup.
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Post by alwayswx on Jan 15, 2019 12:44:00 GMT -5
I guess my question are. 1. How often are the vendors paid from the FAA? 2. When was the last time the received payment from the FAA?
Basically when did the possible 90 day clock start??
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Post by zoomthundersnow on Jan 15, 2019 13:10:45 GMT -5
Alwayswx, From my experience Vendors are paid monthly with terms of Net 30 for the previous month of service. I don't know if the FAA paid out November invoices before the government shutdown in December. Payment on December invoices will be late and interest will accrue if they are not paid per net 30 terms.
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Post by alwayswx on Jan 15, 2019 14:09:35 GMT -5
Worse case is the vendors have not been paid for Nov, Dec, and now January. 90 days cones fast. The is not good.
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Post by weatherwatcher on Jan 15, 2019 14:11:14 GMT -5
I dont see why they would not have been paid for November
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Post by zoomthundersnow on Jan 15, 2019 14:42:23 GMT -5
In the past, invoicing was done at the end of the month work was completed and the FAA had 30 days to pay on time, "Net 30." If billing procedures are still operating under this procedure, the only invoice that would be late at this time is the November invoice. The FAA would have 30 days to pay the December invoice on time, and billing for January hasn't even occurred yet.
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Post by alstein on Jan 15, 2019 21:44:57 GMT -5
If vendors for us have 90 days of reserve, does that mean we'll be in trouble around mid-March?
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Post by snowwx on Jan 16, 2019 2:03:18 GMT -5
i'm hearing that if the contractors run out of reserve, they will not get back paid...hence we won't get back pay...congressional rulings dont apply again to federal contractors...which is screwed up...so either start now planning ahead, or really get screwed by the end of March...based on 90 day reserve...it would be nice if the contractors would at least give us some idea on end of paycheck timeline instead of calling up and say no pay next pay period and leave us hanging...It NOT a Big secret people...and get the info out NOW!
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Post by TCU 2U2 on Jan 16, 2019 6:59:22 GMT -5
I dont see why they would not have been paid for November The 2 questions are: 1 - When was the November 2018 invoice due to be paid by the government? 2 - When did the partial government shutdown begin? The partial government shutdown began at midnight of December 21. If invoices for November 2018 were not processed by that time, then November 2018 would be the first month of payment hung up by the shutdown. |
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Post by alwayswx on Jan 16, 2019 11:48:59 GMT -5
SnowWX, that does not make sense to me. Are you saying that if contractors don't run out of reserve they will get paid back. And not get paid if the do run out of reserve.
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Post by tornado on Jan 16, 2019 12:31:16 GMT -5
...so either start now planning ahead, or really get screwed by the end of March... There are credit unions advertising emergency loans for employees being furloughed. One of them lists: - Loan available to all and existing members
- No payments due while shutdown is still in effect
- No credit qualifications needed
- Proof of delayed payroll and copy of last payroll stub
- Must qualify for Membership and pay $10 Membership fee
When I log into my bank's website, there is a notice at the top of the page which reads,
"We're here to help those customers affected by the U.S. government's partial shutdown.
Please contact us if you have any questions on your account or to learn about the
assistance programs that may be available."
Plan ahead, there is help available!
I don't see such a thing on the AFSCME website though...
www.afscme.org/
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Post by alstein on Jan 16, 2019 14:03:19 GMT -5
Someone in another thread said the vendors got the November invoices. If this is true, then mid to late March would be when things would get dicey. It might even be vendor by vendor. Some vendors might have skimmed the books and ran out of money earlier, some might have more and can hold on another month.
The last bit is conjecture on my end.
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Post by snowwx on Jan 17, 2019 2:30:08 GMT -5
Alwayswx: Basically, the federal workers, ie ATC...will get their backpay...all pay due to them, after the shutdown is over...Their paycheck will be huge with all the backpay at once...conversely, the Private FAA contractors, will not get any backpay to put back into their reserves...Federal contractors were not in the bill passed by the congress, and signed by the president...so if we, as certified professional weather observers, end up not getting paid at some point, we will not get back pay from the contractors,because they didnt get backpay...unless we have a contractor out there that is full of generosity and money...Not!
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