600rvr
I wrote this on the DEFO Pax thread a few weeks ago. Without knowing the US DEFO Freighter pay off the top of my head, I think it still applies.
Numero Crunchero
No, busy working. You have left out that a DESO can get up to HKD$24150.00per month in housing assistance (50% of the rent free zone) on top of their basic year one monthly salary of HKD$32213.00 which they can use to pay for a rental property or pay off a mortgage if they buy a property in Hong Kong. So a DESO on HKD$56363.00 gross per month is about AUD$7500.00 per month after tax. After 2 years they go to the full rent free zone allowance of about HKD$48000.00 per month plus a basic monthly salary of HKD$40410.00. This is a monthly income in AUD of about $11800.00 net. A DEFO on a Sydney base must stay on that base for a minimum of four years. So if we say the DESO has had the full housing allowance for three years and is using it to pay off a mortgage, without going into the exact numbers I would say they are better off that the DEFO pax guy.
Would a CPA disagree with an MBA on numbers? I always like debating numbers. You know me Crunchero.
If an SO uses his housing allowance wisely while in Hong Kong and pays off a mortgage, he would be better off than a DEFO on a North American Base, especially if the freighter pilot lives in Canada and commutes to the US as so many of them do.
Titan, I know you would give up the housing allowance to transition to freight
You presume too much to think I would transfer to the freighter fleet. It would cost me a fortune. Even as a Captain its not worth it. BTW I'm a Pax FO not an SO.