AA New Hire Questions
01-10-2024, 08:50 AM
#1
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Joined APC: Sep 2017
Posts: 87
AA New Hire Questions
Currently weighing a pair of CJO's gang. I'm trying to determine the pros and cons of both compaines.
I think I have a pretty good handle on the differences between compensation, time off & work rules.
Listing out the pros and cons though, I realized at least one thing I had no knowledge whatsoever with AA is the availability of long term disability plans and the other 'safety net' sorts of things that are worth having / paying into.
Any AA folks care to help a potential new hire out?
I think I have a pretty good handle on the differences between compensation, time off & work rules.
Listing out the pros and cons though, I realized at least one thing I had no knowledge whatsoever with AA is the availability of long term disability plans and the other 'safety net' sorts of things that are worth having / paying into.
Any AA folks care to help a potential new hire out?
01-10-2024, 04:04 PM
#2
Gets Weekends Off
Joined APC: Dec 2011
Position: A320 FO
Posts: 982
Currently weighing a pair of CJO's gang. I'm trying to determine the pros and cons of both compaines.
I think I have a pretty good handle on the differences between compensation, time off & work rules.
Listing out the pros and cons though, I realized at least one thing I had no knowledge whatsoever with AA is the availability of long term disability plans and the other 'safety net' sorts of things that are worth having / paying into.
Any AA folks care to help a potential new hire out?
I think I have a pretty good handle on the differences between compensation, time off & work rules.
Listing out the pros and cons though, I realized at least one thing I had no knowledge whatsoever with AA is the availability of long term disability plans and the other 'safety net' sorts of things that are worth having / paying into.
Any AA folks care to help a potential new hire out?
If you need more APA offers several plans that can get you to 90% or so income replacement.
01-10-2024, 06:22 PM
#3
Gets Weekends Off
Joined APC: Feb 2017
Posts: 222
Disability is 50% of the highest W-2 earnings for the past 5 years. It can be tax free if you elect to pay imputed income tax on it and it starts 60 days after disability. The new long term sick bank will allow you to bridge the 60 days at basically full pay.
If you need more APA offers several plans that can get you to 90% or so income replacement.
If you need more APA offers several plans that can get you to 90% or so income replacement.
It also pays full 401k contributions at the pre-disability earnings rate. And no offsets.
01-10-2024, 11:01 PM
#5
Gets Weekends Off
Joined APC: Dec 2019
Posts: 1,951
say you make 300k. Go out on LTD get paid 150k.
option 1: you paid no monthly premium for the value of the LTD insurance policy, so you have to pay all the normal income taxes on that 150k.
option 2: you paid a monthly premium based off the value of your LTD insurance policy, via imputed income and therefore extra taxes, which allows you to pay zero income taxes on that 150k. It’s a significant amount of money but if you go out for a long time the tax savings is huge
option 1: you paid no monthly premium for the value of the LTD insurance policy, so you have to pay all the normal income taxes on that 150k.
option 2: you paid a monthly premium based off the value of your LTD insurance policy, via imputed income and therefore extra taxes, which allows you to pay zero income taxes on that 150k. It’s a significant amount of money but if you go out for a long time the tax savings is huge
01-11-2024, 04:15 AM
#6
Line Holder
Thread Starter
Joined APC: Sep 2017
Posts: 87
say you make 300k. Go out on LTD get paid 150k.
option 1: you paid no monthly premium for the value of the LTD insurance policy, so you have to pay all the normal income taxes on that 150k.
option 2: you paid a monthly premium based off the value of your LTD insurance policy, via imputed income and therefore extra taxes, which allows you to pay zero income taxes on that 150k. It’s a significant amount of money but if you go out for a long time the tax savings is huge
option 1: you paid no monthly premium for the value of the LTD insurance policy, so you have to pay all the normal income taxes on that 150k.
option 2: you paid a monthly premium based off the value of your LTD insurance policy, via imputed income and therefore extra taxes, which allows you to pay zero income taxes on that 150k. It’s a significant amount of money but if you go out for a long time the tax savings is huge
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