Originally Posted by
PeterGriffin
Limited, of course, to 60% for the first 2 years, 50% beyond that, of $275,000. That figure only goes up if the government increases it...
For someone who's only working a fraction of their schedule, think it's unlikely they come anywhere close to the DC limit. Which is $280k this year.
As an example, 650 hours of Intl WB Capt Pay = $210k pay (19k B fund contribution) {Passing up on $110k of annual salary and 6.2k of B fund contributions}
Equally unlikely that our QOL NB\WB FO are hitting the DC limits as well. Quite possible for a 777 FO who's working a full schedule, but that's not the example often thrown out as a negative for the VB plan.
SO, for our Intl WB part time Capt. Should he or she become disabled.
Would assume the max payout of sick bank versus trying to manage it in order to get onto LTD earlier.
Once banks are empty, our Capt will earn 60% of the average of the 12 highest consecutive months in the previous 36. After 2 years, percentage drops to 50%.
To take a WAG a full sickbank is $238k. So, our notional Capt's earnings somewhere between 210 and 238.
At 60%, our Capt is earning between 126k and 143k.
Reduced to 105k\119k after two years.
Capt working a full schedule earns 168k at 60%, down to 140k after two years.