Long Term Disability
 

I'm starting Atlas 767 training in a couple weeks and I noticed the onboarding paperwork had a significantly different representation of long term disability benefits than what is presented here on APC. To quote the Atlas profile here on APC "Pays 125% Industry Standard Long-Term Disability - 60% of income insured from 120 days after the disability until age 65 - $10,000 a month insurance payment limit". The onboarding paperwork described a 2 year plan, not a plan that takes you to age 65. Anyone currently at Atlas have better information on what is currently being offered? Not a deal breaker, I'm very excited to start work, just trying to be better informed.

Must be the wrong/old paperwork. You get it until retirement age, now 65 but who knows in the future.

HR hasn’t updated their paperwork. No surprise there.

Everybody is now under the new LTD plan. There is still the 120 day “qualification period” during which your short and long term sick days will be used, then LTD will kick in. LTD is based on your last years W2 OR your min guarantee, whichever is greater. Obviously for somebody new to Atlas without a previous full year W2 on the payroll it would be the latter. Payout is 60% of that number to a maximum of 10,000/mo tax free until retirement age or able to hold a first class medical.

Ok, thanks for the info. That's actually a pretty good LTD plan compared to legacy carrier plans.

I believe I read somewhere on this forum that the new Atlas LTD plan has made it into an APA brief on what competitors are giving their employees.

That’s a nice change of pace if true. Be even nicer if that trend continues.

One point I didn’t see addressed - I think you need two years on property to qualify for LTD.

I was on LTD for Delta and was paid over 25k a month. The first year I got an additional 13k a month from the union tax free however that is a option you purchase. The company money is 100% company funded.

Yeah, I think Delta is pretty much the industry standard for LTD but to be honest the Atlas Plan is at or near the next best plan offered.

Do you guys pay the premium or does the company? If it's employer paid you have to pay tax

The company pays it, but the value of the premium is imputed each month and taxed. So the LTD payout is indeed tax free.

That's not true. This was in the initial proposals but was reversed later. You now qualify starting day 1. This was confirmed by CK on one of the crew calls.