Originally Posted by
guppie
If the pilot opted into LTD... then the pilot would be eligible for LTD after 90 days disabled or the exhaustion of the pilot's sick leave to 120 hours, whichever is later. LTD pays 50% (1026 x hourly per annum) up to 11K per month/ 132K per year. So the 5 year guy would have 300 hours (if no sl usage) to widdle down to 120 (or to zero if he so chooses), then start LTD.
To add to this, that $11,000 per month is tax free. It comes from an insurance product and not wages, so there is no B-fund contribution. Also, since there are no wages from the company to deduct your portion of your insurance premiums, you cut a check to the company to cover your share. A friend is out on LTD right now. He’s getting $11k per month tax free and then cuts the company a check for around $400 to cover insurance for his entire family.