Originally Posted by
jsled
Guys...Section 24-H of the UPA. work. work. work. Starts on page 294.
Basically 50% of income (1026 x hourly divided by 12) up to $8K per month. Max 96K per year. Tax free.
Considered disabled if you can't hold a medical
Benefits payable until mandatory retirement age (unless furloughed or terminated for cause)
Some offsets and waiting periods...
BTW, this is much better than before. I knew a guy that had FREAKING Leukemia and could not get squat from the old LTD (Lual). "ah...you'll be back". UB
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Agree - if not mistaken you can use regular SL balance while waiting for LTD to kick in and don't have to drain the entire SL balance before the LTD kicks in. That would leave you some in the account when you come back. Or you could drain the SL balance for higher income for a while and defer LTD if you don't think you'll be coming back.
There are a lot of grey areas and options along the way when LTD is needed and may be worth R&I putting together a presentation. I've heard that no one from the company or ALPA gets involved until you ask and it is a good idea to have an advocate helping the wife to get some of the things done in severe cases.