Originally Posted by
JulesWinfield
I'm pretty sure our LTD pays out as long as you don't get another flying job. So if you start a programming job or work at Starbucks, it will still pay out until 65.
No, it doesn’t pay against any reported income.
You work at Starbucks, the LTD is offset.
But to the other point, it isn’t really a 40% pay cut, as someone else mentioned. The portion you pay for a buy up is not taxed since it’s funded with after tax money. So if you qualify for an $8k buy up over the $5k standard, the $5k will be taxed and the $8k will essentially be tax free. (There is a small variation due to the fact the premiums for the buy up for the company increase annually which changes the buy up tax status a few bucks, but minor)
We made huge gains in the LTD section this contract and it should be something we continue to work on this contract
Healthcare for LTD over 5 years
DC for LTD on LTD
No Offset of benefits for outside non flying jobs