PLEASE take note of the post that Capt
Hammett shares:
From
Capt Vern Hammett
I have an important message
for all Delta pilots whose spouse might be eligible for survivor benefits.
Please get this out to the group in order to avoid delays and
apprehension about the benefit.
When dealing with
Delta ESC only ask about
benefits using the phrase Survivor Benefits! Do
not ask about retirement benefits! There appears to be confusion when using the
improper description of the benefit. Apples versus oranges!
This comes from my
experience helping the widow of a deceased Delta pilot obtain her Survivor
Benefits!
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
IMPORTANT SURVIVOR information in many former
HL issues but INSURANCE section of High Life 340 and FINANCE section of 336 a
good resource to keep.
CORRECTION to language I used in HL 350 for
the D & S Plan TRUST
All Archived High Lifes issues: https://drive.google.com/drive/folders/0BzB_SBDmSd9AMzViODQ3MDQtODhjYy00YzkwLThiMzktM2FhMDEzMDZhYjA0?resourcekey=0-sovghKhA1zNRWP5SUxjUqA&usp=sharing
I
previously used the word ‘unfunding’ or ‘defunding’ the Trust but I believe that is in error and
can cause unnecessary misunderstanding. The Company is not defunding the Trust but
rather funding it ‘monthly’ as opposed to carrying a long term balance. There IS a tax advantage for both Company and
Beneficiary from the Section 501(c)(9) nature of the Trust so, one would expect
to see the Company continue to keep the Trust even though the funding is not executed
well in advance.
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