Correct
the new contract clearly says pay increase with hours on Ryanair aircraft.
you could have 20,000 hr on 737 - 777- 747 and anything else, if you have never been a captain you start as an F/O on the lower rate,,, you may make captain quicker I guess and skip straight from 60.5euro to the 130?euro an hour captain
but as stated on FR website,, no hiring of experienced F/O's anyway