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$ Delta Pilots Mutual Aid worth it? $

Old 09-27-2010, 08:48 AM
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Default $ Delta Pilots Mutual Aid worth it? $

Should a new hire join DPMA? I know this post will be lonely today with the SWA merger news but maybe that's a good thing. Opinions could be strong here too.
The reps pitched this repeatedly as a "no-brainer." I think I understood the ROE. What wasn't much addressed was the fund's financial situation or plans to deal with the age 65 retirement even though that's old news. I might have missed it - which is why I'm asking for information.

Last edited by Soulshine; 09-27-2010 at 09:10 AM.
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Old 09-27-2010, 08:53 AM
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Join and don't even think twice about it, unless you really think you will never have a medical issue in your entire career.
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Old 09-27-2010, 08:59 AM
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It is definitely not worth it.

Unless you get sick.
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Old 09-27-2010, 09:00 AM
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Totally agree with superdad. The way our longterm disability plan is set up, you will want the DPMA to supplement LTD should you need it. LTD is only 50%, and DPMA will pickup the other half to bring your takehome pay up to what it was when you were active. Most companies have LTD somewhere around 70%.

The younger you are, obviously the more you will pay into this over a lifetime, so I can see where you are coming from. Think of it as insurance. You plan on never needing it, but will glad if you do. Also, there is the warm-fuzzy feeling of helping out a fellow pilot in need

As far as the nitty gritty you're looking for, maybe someone else will come up with it. Sorry the presentation was a turn off, but I haven't heard of many guys (supposedly only 2%) that decline.

Welcome aboard.
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Old 09-27-2010, 09:02 AM
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Originally Posted by Superdad View Post
Join and don't even think twice about it, unless you really think you will never have a medical issue in your entire career.
I knew I'd hear this as a response, and that makes sense. But if it's not around when I have a medical problem, then it might not make sense. I'd like social security too, but I'm not counting on that. Respectfully to all those who are invested in the fund, and I know that's almost everyone according to DPMA, I'm looking for a reason to join it, but "just do it" isn't really that compelling. What other investment decision would you make this way? Thanks.

Last edited by Soulshine; 09-27-2010 at 09:17 AM. Reason: incorporated quote
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Old 09-27-2010, 09:03 AM
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Originally Posted by superdad View Post
join and don't even think twice about it, unless you really think you will never have a medical issue in your entire career.
+1 ...........
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Old 09-27-2010, 09:03 AM
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.edited previous msg

Last edited by Soulshine; 09-27-2010 at 09:18 AM.
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Old 09-27-2010, 10:59 AM
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Join, join, join,join....did I mention , join????......DPMA recipient.
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Old 09-27-2010, 11:13 AM
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If you are independently wealthy.. don't join. If you live in an indestructable bubble... don't join. If you are human... You'd be an idiot not to join.

Also a DPMA recipient..
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Old 09-27-2010, 01:26 PM
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Join DPMA! It was a savior when I was going through my issues. I thought I would never need it, but I did. One just never knows when they need help in life, especially medical related problems. And it is not just the financial issues that they help you with, you get a fellow Delta pilot to be your mentor and support.
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