Long Term Disability
#1
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Joined APC: Feb 2014
Position: 320 FO
Posts: 128
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.
#3
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Joined APC: Mar 2013
Posts: 393
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.
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.
#4
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Joined APC: Feb 2014
Position: 320 FO
Posts: 128
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.
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.
#5
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.
#6
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Joined APC: Feb 2008
Posts: 19,224
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.
#7
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Joined APC: Feb 2014
Position: 320 FO
Posts: 128
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.
#9
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Joined APC: Sep 2008
Position: F-16
Posts: 184
#10
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,401
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