Originally Posted by
JustInFacts
Ok, I don't know what you are reading, but in both the Delta and United contract there are sections that are literally labled "Offsets."
I
As you stated, the DC contribution is twice the disablity benifit. The disablity benefit is after you subtract the offsets.
There is a cap for United, it is in the chart that is published. For 2025, their maximum disability benefit is $14,913.23 a month, or just under $179,000 that year. So a 12+ year A350 captain doesn't make 50% of 1026 hours at their pay rate.
Ok, but what about all of the years until you reach age 59.5? Where do you think they came up with that age? As I am sure you know, the rate of return on the money you invested earlier is much more important than what happens at the very end.
You are right. I was going off of bad information. Maybe Delta removed some of their offsets? I should've gone to source documents for the fine print. They do have a workers comp offset.
But United does not. Here is the source: "24-H-4 Offsets to Monthly Benefit
The benefit determined above shall be offset (reduced) by any compensation received from the Company; provided, however, there shall be no offset for vacation pay or Profit Sharing received from the Company." They eliminated all offsets (except for United employment). As for their cap, yes, the 1026 hours times their rate falls well below their topped out pilot. I should've done the math and not assumed the chart just did the math. By the way, I don't think United has any A350s...yet.
I mainly listed all of them to compare it to FedEx and show how far behind we are just in this item alone. Even with the corrections, we are still woefully behind. I'm sure someone will let me know of I got something else wrong again.
Delta: 50% / no cap / workers comp offset / DC 2X the benefit amount / min. payment floor.
United: 50%, cap $14,913.23 / United work offset / DC 2X the benefit amount.
American: 50% / no cap / no offsets / DC based on the pilot’s average monthly compensation.
FedEx: 60% (50% >24 mo.) / cap $17,500, then $14,583.33 >24 mo. / offsets / no DC.
As for the spillover cash, I'm just adding more context to your comment. UAL has a limit of $10k into their HRA until they establish their mbcbp. And all MBCBPs seem to have the ability to rollover funds at 59.5. I'm not disputing the importance of being able to control your investment at the beginning rather than at the end. Just that it's not as black and white as you make it seem.