Originally Posted by
flap
If you retire, you are separated from the company and will no longer receive LTD
You would simply stay on LTD until you are medically able to return to work or you hit retirement age
If you retired, you would lose company 80% subsidy of health insurance as well as LTD benefit
The company subsidy would be based on years of service, but 60% at best
That's what I had heard, but it kinda stinks. (over)Paying into the plan all those years and not being able to take it into early retirement makes sense only to an insurance company exec.
After all, it is disability insurance, not loss of job insurance. Since LTD only pays about 33% of a captain's salary, having the ability to take the lump sum to help supplement would good.
What difference could it make to the plan if the pilot were retired from the company before 65 or not?