What is your disability plan ?

[1Speedbird]

I just wanted to get an idea of what most companies longterm disability plans are like. The way I read my current plan it looks like after 24 months it stops if I can do any job not just flying. IE greeter at WalMart.

 

[SNOWBUM]

your company should offer an aditional 12 months for a few bucks a month. real airlines like SWA offer 60% of you current position based on mimimum guarantee) until you reach 60. maybe your company has that option if you pay for it . check with the Human Remains department .

 

[JBPA]

I just wanted to get an idea of what most companies longterm disability plans are like. The way I read my current plan it looks like after 24 months it stops if I can do any job not just flying. IE greeter at WalMart.

If you're at the same company I am (shiny blue/white A-320s/E-190s) you are 100% correct. Beside the self-subsidized Short-term Dis, I am not aware of any company-sponsored programs (besides AD&D and Loss of Lic - both rather small amounts at my age) to supplement the 2-year deal (60% of line average supposedly tax-free).

And they have the audacity to call it "Long-Term Disability".

 

[abxaviator]

After six months disability, 67% until retirement age.

 

[8vATE]

After six months disability, 67% until retirement age.

Be careful with the fine print on these plans..

Typical lawyer-ese..

What is the definition of "disability"...

Preventing you from having a Class I ... ?
Or not...

It will be difficult to size up the different plans if we don't have access to the actual language of the plan.

good luck getting the REAL details.

 

[SNOWBUM]

the insurance must be log term dissability based on loss of license/medical, wich means if you loose your ability to obatain a first class for captain or second for sic, you get 60%(or 67 or whatever).also, you can suplement up to 80% of your income, so if your plan offers 60%, you could work for the other 20% on another field. any more and they diminish your benefits accordingly. get a copy of your plan, if is loss of license you are ok, if is straight dissability take it to a lawywer to see if is worth anyhting.

 

[abxaviator]

Can't get your Medical, get the LTD payments, we have many people in this situation.

 

[HighSpeedClimb]

We have 25% of your current monthly income for 4 1/2 years. This is like a LOL insurance plan. After being vested (5 years) you get 27 1/2% of your monthly income plus 1% for every year of service with a max of 50%. So a guy flying for 14 years would get 41.5% of his salary plus the 25% for 4 1/2 years. So if you've been employed for 22 years you'll get 75% of your salary for the first 4 1/2. After that 50% until death.
We are the Interisland carrier with B737's.