Originally Posted by
AF OneWire
If you didn’t pay for it, then you shouldn’t get it.
Furthermore by age 65 your “insurable need” should be zero. You should have a nice tidy 401k to carry you off to retirement. Why should we pay exorbitant rates for 2 extra years of LTD that no one should really need.
I don’t understand why people think this is free money. It’s a product that an insurance company sells for a profit. The insurance company takes in more money than it gives out. In this case it’s going to take it money from young pilots, subtract their substantial profit, then pay a lesser amount out to a bunch or rich Widebody Captains, who may or may not have saved appropriately for retirement, but none of them paid for LTD to age 67 over the course of their career.
Lots of feelings.
LTD is in the contract. It will continue until "normal retirement age". If the age goes to 67, then those on LTD will continue receiving checks...regardless of your feelings. We all "paid for" the UPA. Sunvox was just pointing out a potential impact of an age change that may be beneficial to a very small group of pilots.