Corporate pay falling behind
#91
Line Holder
Joined APC: Jan 2018
Posts: 62
Question from a Legacy airline guy. Apologize if this was already discussed. I’ve never seen this issue discussed in these type of threads before.
What Long Term Disabilty benefits are common in the corporate pilot world?
The folllwing are the current LTD benefits at the big 4 airlines.
AA
60% of average monthly compensation for last 12 months or highest calendar year of past five to a max of $8000 per month.
DAL
50% final average earnings No Cap - plus 32% 401K company contribution.
UAL
50% monthly income to a max of $8000.
SWA
66 2/3% of earnings to a max of $18,750 monthly.
All above are are paid tax free to age 65 and pay out if you can’t hold a FAA Class 1 Medical.
Also no restrictions or deductions from benefits if you work anywhere in any other job other then pilot.
At United we start negotiations early soon with a joint goal between union and management of reaching a deal by our current contract amendable date of Jan 19. I would hope we would match DAL’s if not at least reach SWA’s LTD program.
Most of us want to fly to retirement age, but unfortunately we all know a percentage of pilots Medical out. What protections do corporate pilots have in this regard?
Lastly, in the airline world (for those of us with a union & contract - most) you can’t be terminated without “just cause” with a union and contract. Without union protection it’s hire and fire at will. Unless you can prove some sort of illegal discrimination. You could legally be fired for anything other then illegal discrimination. That can be difficult standard to prove and that’s the employeees responsibility. In a union, while you can be fired it’s a very difficult standard and if you are fired your guaranteed binding arbitration in which you have a good chance of getting your job back with back pay.
Not attempting to brag just trying to bring forth important considerations (especially for young pilots that have 30 plus years of career flying ahead of them.) Maybe This doesn’t seem like an important consideration to the younger guys who really don’t think about these as much as us older guys in there 40’s, 50’s and even early 60’s.
What Long Term Disabilty benefits are common in the corporate pilot world?
The folllwing are the current LTD benefits at the big 4 airlines.
AA
60% of average monthly compensation for last 12 months or highest calendar year of past five to a max of $8000 per month.
DAL
50% final average earnings No Cap - plus 32% 401K company contribution.
UAL
50% monthly income to a max of $8000.
SWA
66 2/3% of earnings to a max of $18,750 monthly.
All above are are paid tax free to age 65 and pay out if you can’t hold a FAA Class 1 Medical.
Also no restrictions or deductions from benefits if you work anywhere in any other job other then pilot.
At United we start negotiations early soon with a joint goal between union and management of reaching a deal by our current contract amendable date of Jan 19. I would hope we would match DAL’s if not at least reach SWA’s LTD program.
Most of us want to fly to retirement age, but unfortunately we all know a percentage of pilots Medical out. What protections do corporate pilots have in this regard?
Lastly, in the airline world (for those of us with a union & contract - most) you can’t be terminated without “just cause” with a union and contract. Without union protection it’s hire and fire at will. Unless you can prove some sort of illegal discrimination. You could legally be fired for anything other then illegal discrimination. That can be difficult standard to prove and that’s the employeees responsibility. In a union, while you can be fired it’s a very difficult standard and if you are fired your guaranteed binding arbitration in which you have a good chance of getting your job back with back pay.
Not attempting to brag just trying to bring forth important considerations (especially for young pilots that have 30 plus years of career flying ahead of them.) Maybe This doesn’t seem like an important consideration to the younger guys who really don’t think about these as much as us older guys in there 40’s, 50’s and even early 60’s.
Had a talk with our HR about this recently. Most of our employees (non-pilots or CDL drivers who are in the same medical certificate boat) feel like we have great LTD insurance. But there seems to be a big difference between corporate LTD and what the airlines have that clearly protect you from a loss of your FAA medical certificate.
#92
Gets Weekends Off
Joined APC: Oct 2006
Posts: 945
This sounds great, but in reality until flight departments can't fill pilot seats there are no market forces to raise compensation.
Is Jet Aviation doing this because they can't find enough qualified bodies? What about places like Solairus, Gama, etc? Is there truly a problem with pilot manning at these places?
Is Jet Aviation doing this because they can't find enough qualified bodies? What about places like Solairus, Gama, etc? Is there truly a problem with pilot manning at these places?
Last edited by UAL T38 Phlyer; 03-19-2018 at 09:58 AM. Reason: OP in Quote
#94
Line Holder
Joined APC: Jan 2018
Posts: 62
Our HR thought everything was great here. Then half the pilots left in the last year and now they're starting to accept that it isn't as great as they thought. If your company is convinced that they know what the market will be like in 18-36 months and they can predict the pay raises they will need to keep and attract talent they are probably kidding themselves.
#96
Gets Weekends Off
Joined APC: Dec 2016
Posts: 663
#97
Banned
Joined APC: Jan 2008
Position: Pilot
Posts: 2,625
#98
#99
Red that is great. I tried to tell my CP a lot of flight departments are getting large increases in pay to keep guys and he said that will never happen. He said if they gave me 1% I would be happy it's 1% more then I had last year.
#100
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