Originally Posted by
Aero1900
Thank you for posting info from other airlines.
I believe our union guys are preparing a comprehensive contract comparison document. These are very beneficial to have. To compare the good and the bad from around the industry.
I know that one of the reasons the automatic coverage to 65 has been hard for us to get is due to the fact that we are using a 3rd party insurance company. Some of the big airlines might be self insured? From what I was told, getting a 3rd party insurance company to cover to 65 would be extremely expensive, using a ton of negotiating capital. For something only a small fraction of the pilot group will ever use. Though choices
It’s not a small fraction of your pilot group. Historically probably in excess of 50% of your pilot group will use disability.
The big airlines generally are required to set up a disability and survivorship fund. It’s normally held outside the company and will continue paying benefits even if the company files chapter 11 or liquidates.