Originally Posted by
iama570
Call it what ever you want but it is still fraud and unethical. Explain that
to your kid how daddy or mommy really isn't sick but he or she is taking
money from an insurance company saying he or she is. It has nothing to do
corporate leadership, that is just rationalization. To lie about your physical
ability or lack of to the FAA is fraud, then to take insurance money. It is not only
playing the system but illegal and unethical, plain and simple.
All true, but is it really an issue? I'm sure there are some doing it, but I don't know any, nor have I even heard of any scamming LTD. What I find ironic is that employees are held and hold ourselves to a different standard than senior management. When management invents a way to increase their compensation above what was previously agreed through... say... basing retirement on a multiple of, rather than actual years served, or... say... extending the time allowed to meet a performance incentive, it's perfectly legal. Like you said, scamming LTD is illegal, unethical and hurts the pilot group at large, but I believe it's so rare as to be insignificant and every pilot I've known who used LTD was doing everything possible to get their certificate back. Meanwhile, because they have the influence to change the rules midgame, deals adding millions in compensation at the top are legal. Forgive me if, while I disapprove I'm less than outraged about the possibility of someone scamming LTD.