Viewing page 191 of 200

This transcription has been completed. Contact us with corrections.

If I start to get my $200 and then take an air line job, I understand that the $200 stops. What happens if I lose the job?

The $200 begins with the first of the second month in which you are off the air line job. Annuity payments will be made on the first of a month for the preceding month. So in this case you would get the $200 for the first whole month you were out of your airline job.

Obviously, the ALPA plan pays out a lot more than the company plans. The money has got to come from somewhere. Where? And how much?

Well, here are the facts:

If you make $500 a month, for the ALPA plan, it will cost you $50 a month, as it is now drawn. If you make $800 a month, it will cost you $80. If you make a $1000, it will cost you $100. The $100 is the maximum. The Company will pay exactly what you do. It's a straight 50-50 proposition. 

This plan may be all right for the captains, but I'm a co-pilot. What do I get out of paying such a big percentage of my pay? 

You get a lot. First, an annuity credit that can't be taken away. Second, if you get permanently and totally disabled by a work accident in the course of your employment as a pilot, no matter how short a time you've been a pilot, you'll get $200 a month for the rest of your life. Third, if you are killed by such an accident, your widow and children, or, if you aren't married, a dependent father or mother or both are protected by insurance. Fourth, you'll be protected from any permanent and total disability you have while you're a pilot, after 5 years as 

16