Originally Posted by
Qotsaautopilot
Thanks. The LTD was a big item we had to get after getting iced in September. It is very good. I do believe Delta makes the DC 16% retirement contribution on the disabled pilots LTD earnings. I haven’t gotten confirmation on that but it is a big deal if so.
It has been said that ours will be offset by outside income like another job but the information at the roadshow wasn’t clear on specifics (my earnings or joint earnings with a spouse etc). We also get company medical at active rates for 5 years
Anyhow it was a big jump from what we had which was own occupation for only two years. This goes til 65.
It’s 60% of the last years W2 with a max of $15k/mo. First $5k is taxable and whatever you qualify for over that you pay a nominal premium after tax for and the benefit is tax free.
To keep it simple, Delta pays 50 percent of your salary until 65 years old. They give 32 percent of disability payment into 401k (keeps retirement whole). Almost all pilots subsidize this with DPMA which keeps your pay whole for the first year on long term disability.