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Originally Posted by Aero1900
(Post 3627647)
Thank you for posting info from other airlines.
I believe our union guys are preparing a comprehensive contract comparison document. These are very beneficial to have. To compare the good and the bad from around the industry. I know that one of the reasons the automatic coverage to 65 has been hard for us to get is due to the fact that we are using a 3rd party insurance company. Some of the big airlines might be self insured? From what I was told, getting a 3rd party insurance company to cover to 65 would be extremely expensive, using a ton of negotiating capital. For something only a small fraction of the pilot group will ever use. Though choices |
Originally Posted by Aero1900
(Post 3627418)
I think the 60% figure is industry standard actually.
The difference is really about how long you'll be able to stay making that 60% of you can't get your medical back. 1. Who funds the disability plan? Is it the company, the pilots or a combination? 2. Does your pension continue to be funded. 3. What percentage of your pay is covered and is that percentage calculated based on actual earnings or a artificial number like 40 hours. Is there a cap? 4. How long will disability be paid? The plan at Delta pays 50% of FAE including all income and profit sharing until FAA mandated retirement age with no cap. 100% company funded with the pension plan fully funded. Note that disability plans that are fully company funded are also taxed. If a disability plan is pilot funded it is not taxed. Of course if your company funds your plan you are free to buy an additional plan out of your pocket. This would provide you two incomes with one taxed and one untaxed. |
Originally Posted by Aero1900
(Post 3627647)
Thank you for posting info from other airlines.
I believe our union guys are preparing a comprehensive contract comparison document. These are very beneficial to have. To compare the good and the bad from around the industry. I know that one of the reasons the automatic coverage to 65 has been hard for us to get is due to the fact that we are using a 3rd party insurance company. Some of the big airlines might be self insured? From what I was told, getting a 3rd party insurance company to cover to 65 would be extremely expensive, using a ton of negotiating capital. For something only a small fraction of the pilot group will ever use. Though choices The big airlines generally are required to set up a disability and survivorship fund. It’s normally held outside the company and will continue paying benefits even if the company files chapter 11 or liquidates. |
Originally Posted by b3181981
(Post 3626592)
How is the loss of flight medical benefits between Frontier, JetBlue and Spirit airlines, Also what happened to all of the Frontier threads? I was going to dig through and read them but anything before 2023 is gone.
-Income offsets, if you work somewhere else, that income will offset LTD benefits. -Medical coverage for only the first 5 years at company rates, after that, you’re on your own. -Zero company retirement contributions. |
Originally Posted by sailingfun
(Post 3627656)
It’s not a small fraction of your pilot group. Historically probably in excess of 50% of your pilot group will use disability.
The big airlines generally are required to set up a disability and survivorship fund. It’s normally held outside the company and will continue paying benefits even if the company files chapter 11 or liquidates. Definitely lots of guys will use it for short periods. |
Originally Posted by Aero1900
(Post 3627695)
Yeah, you're right. When I said only a small fraction will use it I was thinking of using it for a very long time like over 5 years and all the way to retirement.
Definitely lots of guys will use it for short periods. |
Originally Posted by TruthAddict1
(Post 3627650)
By the way; The Hartford sucks. They go out of their way to make the process difficult.
I went out for a while and applied and was denied based on the loss of medical being from a previous medical condition. It’s not great Insurance…. |
Originally Posted by DumboDrop
(Post 3627770)
ALPA says 1 in 4 pilots lose their medical during their careers.
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Originally Posted by dracir1
(Post 3627785)
Agreed.
I went out for a while and applied and was denied based on the loss of medical being from a previous medical condition. It’s not great Insurance…. |
Originally Posted by madmax757
(Post 3627832)
So what did you do Dracir ? Not have any income while out or did you appeal it ?
Worked other jobs to compensate until I got my medical back. It’s company paid now so of course I’ll take it - and if in the situation again will try and use. But won’t hold my breath (or pay for any plus up). |
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