LTD plan at FedEx
12-23-2021, 04:23 PM
#1
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Joined APC: Mar 2016
Posts: 173
LTD plan at FedEx
Hi Everyone,
I am not a FedEx pilot ( I wish I was ), but I would like to ask you this question. What is your LTD plan at FedEx and is there also a supplemental loss of license insurance that is offered through the Union?
I've heard stories about FedEx pilots going on disability and retaining their full pay until retirement, which if true is awesome.
I know that FedEx and Delta are the 2 companies with superb pilot benefits and I would be so happy if I can make my union adopt similar LTD plans.
Thanks much and Happy Holidays!
cskafan
I am not a FedEx pilot ( I wish I was ), but I would like to ask you this question. What is your LTD plan at FedEx and is there also a supplemental loss of license insurance that is offered through the Union?
I've heard stories about FedEx pilots going on disability and retaining their full pay until retirement, which if true is awesome.
I know that FedEx and Delta are the 2 companies with superb pilot benefits and I would be so happy if I can make my union adopt similar LTD plans.
Thanks much and Happy Holidays!
cskafan
12-23-2021, 05:28 PM
#2
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Joined APC: Dec 2007
Position: B757F CA
Posts: 408
Originally Posted by cskafan123
Hi Everyone,
I am not a FedEx pilot ( I wish I was ), but I would like to ask you this question. What is your LTD plan at FedEx and is there also a supplemental loss of license insurance that is offered through the Union?
I've heard stories about FedEx pilots going on disability and retaining their full pay until retirement, which if true is awesome.
I know that FedEx and Delta are the 2 companies with superb pilot benefits and I would be so happy if I can make my union adopt similar LTD plans.
Thanks much and Happy Holidays!
cskafan
I am not a FedEx pilot ( I wish I was ), but I would like to ask you this question. What is your LTD plan at FedEx and is there also a supplemental loss of license insurance that is offered through the Union?
I've heard stories about FedEx pilots going on disability and retaining their full pay until retirement, which if true is awesome.
I know that FedEx and Delta are the 2 companies with superb pilot benefits and I would be so happy if I can make my union adopt similar LTD plans.
Thanks much and Happy Holidays!
cskafan
12-23-2021, 05:38 PM
#3
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Posts: 173
Originally Posted by IQuitEagle
I think is pretty typical LTD for most major airlines: I “think” it’s 60% of salary initially, then 50% after two years. You can buy supplemental to bump it up to 66%. The huge benefit is that while out on LTD, you still get full service credit toward your pension payment (A-plan). So if you go out on LTD after 5 years, and are out for 20 years until you hit 65, you still get the full 25 year service credit for your pension payment calculation.
Oh wow! The A-Plan contribution is huge. So the supplemental buy plan is an additional 16%?
I guess I have heard wrong. I was told that you can buy up to 40% so one keeps full pay.
12-23-2021, 06:07 PM
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Originally Posted by cskafan123
Oh wow! The A-Plan contribution is huge. So the supplemental buy plan is an additional 16%?
I guess I have heard wrong. I was told that you can buy up to 40% so one keeps full pay.
I guess I have heard wrong. I was told that you can buy up to 40% so one keeps full pay.
12-23-2021, 06:56 PM
#5
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Its also not unheard of for guys/gals on LTD to take an office job/special project in flight ops or go to the training department and bid pay only....effectively keeping their full pay. Obviously this can be dependent on what the medical issue is, where you live etc.
12-24-2021, 03:52 AM
#6
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Unfortunately I am in this very position right now where I need to go on long-term disability 1 year into my Fedex career. fortunately the company has found some temporary work for me via TDNIF so I can at least build up my long-term disability calculation. I have a question and I can’t find the answer in the contract, if I was scheduled for a seat change in this last system bid, ie 75 to 76 FO, am I entitled to the increase pay while on TDNIF Once my training slot was available?
12-24-2021, 04:02 AM
#7
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Originally Posted by cskafan123
Oh wow! The A-Plan contribution is huge. So the supplemental buy plan is an additional 16%?
I guess I have heard wrong. I was told that you can buy up to 40% so one keeps full pay.
I guess I have heard wrong. I was told that you can buy up to 40% so one keeps full pay.
Retirement was mentioned and is another important consideration. Delta for example pays 32% of disability payments into the DC plan effectively giving a pilot the exact same contribution as if he was working.
12-24-2021, 06:54 AM
#8
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Originally Posted by sailingfun
Two key points you did not mention in discussing disability programs are who funds the program. Is it pilot funded or company funded or a combination. The second consideration is how is the earnings calculation is made. Is it 50% of actual earnings, 50% of 75 or 80 hours ect..
Retirement was mentioned and is another important consideration. Delta for example pays 32% of disability payments into the DC plan effectively giving a pilot the exact same contribution as if he was working.
Retirement was mentioned and is another important consideration. Delta for example pays 32% of disability payments into the DC plan effectively giving a pilot the exact same contribution as if he was working.
12-24-2021, 08:02 AM
#9
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Originally Posted by sailingfun
Two key points you did not mention in discussing disability programs are who funds the program. Is it pilot funded or company funded or a combination. The second consideration is how is the earnings calculation is made. Is it 50% of actual earnings, 50% of 75 or 80 hours ect..
Retirement was mentioned and is another important consideration. Delta for example pays 32% of disability payments into the DC plan effectively giving a pilot the exact same contribution as if he was working.
Retirement was mentioned and is another important consideration. Delta for example pays 32% of disability payments into the DC plan effectively giving a pilot the exact same contribution as if he was working.
So is it 50% of the actual earnings or min guaranteed? When one is on disability and is offered a position outside of flying, does that person keep his last pay rate and if so is that until retirement?
12-25-2021, 01:39 AM
#10
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Originally Posted by cskafan123
So is it 50% of the actual earnings or min guaranteed? When one is on disability and is offered a position outside of flying, does that person keep his last pay rate and if so is that until retirement?
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