Originally Posted by
Aero1900
I think the 60% figure is industry standard actually.
The difference is really about how long you'll be able to stay making that 60% of you can't get your medical back.
When you discuss disability you need to understand four things.
1. Who funds the disability plan? Is it the company, the pilots or a combination?
2. Does your pension continue to be funded.
3. What percentage of your pay is covered and is that percentage calculated based on actual earnings or a artificial number like 40 hours. Is there a cap?
4. How long will disability be paid?
The plan at Delta pays 50% of FAE including all income and profit sharing until FAA mandated retirement age with no cap. 100% company funded with the pension plan fully funded.
Note that disability plans that are fully company funded are also taxed. If a disability plan is pilot funded it is not taxed. Of course if your company funds your plan you are free to buy an additional plan out of your pocket. This would provide you two incomes with one taxed and one untaxed.