FDX MEC disability coverage versus ALPA

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07-07-2013, 06:43 PM

#51

Gunpig

Gets Weekends Off

Joined APC: Mar 2008

Posts: 191

Quote:

Originally Posted by av8rdude

The MEC policy pays a minimum of 15%, and that benefit is non-taxable, so it's like getting another 18-20% on top of what you get from the Company, whether that is 60% or 50%.

I think it's well worth the cost, considering the multitude of otherwise inconsequential things could ground an airline pilot.

But aren't you paying premiums on complete income? I.e. 65 cents for every $100 of TOTAL income w/ 12 month wait for benefits, seems steep for a 18-20% bump

Thx everyone for the replies...trying to get smart on a complicated topic

07-07-2013, 07:19 PM

#52

Busboy

Gets Weekends Off

Joined APC: Aug 2006

Position: leaning to the left

Posts: 4,184

Quote:

Originally Posted by Gunpig

Sorry for resurrecting an old thread but I've read everything I can find & still can't wrap my head around the necessity of the FedEx Mec LTD policy. Am I missing something here?

FedEx LTD pays 60% after all banks are drained for 2 years then 50% thereafter till 65
MEC pays 66.7% till age 60.

Regardless of the 12 or 24 month option selected on the MEC policy, it still seems like a decent chunk of change to pay for an either 6.7% (1st 24 months) or 16.7% (after) pay offset above the FedEx LTD policy?

I can see how the MEC policy beats the Alpa policy but don't see it as much of a supplement to the policy we have contractually with the company. Yes I realize my math gets watered down a bit by taxable vs non-taxable

Someone please draw what I'm missing here in crayon

Thanks

You can opt for the benefits to continue to age 65 in the MEC policy.