Originally Posted by
Pro2nd
I believe it's 55% at last pay rate up to a maximum of $8000 per month. The good part is that it's tax exempt. In real word terms it comes out to basically min guarantee with no per diem. Unless that comes out to more than 8k a month as that is the cap.
This sounds right. Actually, it is a good program. Talked to a classmate that went on LTD at 54 and will likely never come back because of medical, but still gets a call to verify condition/status. All benefits continue as if active employee (seniority,passes,group insurance rates but not contribution to retirement) I'm not sure it's all accurate but he's happy he paid into the program and hopes United stays in business until he's 65 just for the insurance.