Skywest v2.0
01-14-2017, 09:48 AM
#5251
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,680
01-14-2017, 11:43 AM
#5252
Gets Weekends Off
Joined APC: Mar 2016
Posts: 1,111
I signed up for the insurance. Just got the $32,850 plan so it's only like $45 a month. I've jump seated with a few captains that really want it so hopefully we get the 25% participation for anyone that is really concerned.
01-14-2017, 11:46 AM
#5253
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,680
Anyone who is feeling kindhearted towards their fellow pilots can sign up at this level and get fully reimbursed by the company for three months. Then cancel if you don't want it, I'm 99% sure the 25% requirement is just to implement the policy initially, we don't have to maintain that level of participation in the future.
01-14-2017, 12:23 PM
#5254
Gets Weekends Off
Joined APC: Jun 2016
Posts: 443
Anyone who is feeling kindhearted towards their fellow pilots can sign up at this level and get fully reimbursed by the company for three months. Then cancel if you don't want it, I'm 99% sure the 25% requirement is just to implement the policy initially, we don't have to maintain that level of participation in the future.
01-14-2017, 12:43 PM
#5255
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,680
The people who should sign up for the LOM:
-Older CA's.
-FO's who think they might end up staying at SKW, because it will likely be very difficult to sign up outside open enrollment.
People who probably don't need it:
Younger FO's and CA's who can and will switch careers to something that pays better than regional airlines if they medical out.
If you're younger and want to sign up, you probably need to over-insure to account for inflation over the years if your plan would be to retire immediately and ride this benefit for decades if you can't hold a medical. That's the real gotcha with this plan, the value of the benefit (and cost to the underwriter) tapers off pretty significantly after 15-20 years due to inflation.
-Older CA's.
-FO's who think they might end up staying at SKW, because it will likely be very difficult to sign up outside open enrollment.
People who probably don't need it:
Younger FO's and CA's who can and will switch careers to something that pays better than regional airlines if they medical out.
If you're younger and want to sign up, you probably need to over-insure to account for inflation over the years if your plan would be to retire immediately and ride this benefit for decades if you can't hold a medical. That's the real gotcha with this plan, the value of the benefit (and cost to the underwriter) tapers off pretty significantly after 15-20 years due to inflation.
01-14-2017, 12:49 PM
#5256
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,680
I believe to get the full reimbursement you would need to sign up for $100 of coverage. $50 you would pay and $50 would be the match portion that the company is offering. That is my understanding. Currently it's offered for 3 months. I wouldn't be surprised if their hope is to somehow try to tie that company match into the next pay package.
01-14-2017, 01:04 PM
#5257
Line Holder
Joined APC: Dec 2015
Posts: 81
Can someone remind me where to look up the Sketchplus codes? I'd hate to be that guy asking what PEN4 means again. Is that displaced?
01-14-2017, 01:06 PM
#5258
Gets Weekends Off
Joined APC: Feb 2015
Position: Downward Dog
Posts: 1,877
Yes. Numbers represents the number of days the trip was.
Don't know where to reference that.
Don't know where to reference that.
01-14-2017, 02:10 PM
#5260
Gets Weekends Off
Joined APC: Jan 2016
Posts: 311
It's a displacement for IOE. You were PEN 4 meaning they displaced you off a 4 day for someone to train. They have up until 72 before the start of that trip to assign you something. If they don't you will be paid for that trip and can pick up trips or take the time off.
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