Overview
What is Us Airways Inc Ta For Pilots Long-Term Disability Benefits?
Us Airways Inc's Long-Term Disability Benefits, referred to as "Us Airways Inc Ta," is a plan designed to provide support for disabled pilots who were previously full-time employees of Us Airways, Inc. prior to its merger with America West. The plan maintains a trust fund with a minimum of 12 months' worth of benefit obligations for eligible pilots. This trust fund is classified as a Voluntary Employees Beneficiary Association (VEBA). The plan offers long-term disability benefits to pilots who meet certain criteria, with eligibility periods varying based on their hire dates. The purpose of this plan is to offer financial assistance and support during periods of disability for these pilots.
Is Us Airways Inc Ta For Pilots Long-Term Disability Benefits legitimate?
Us Airways Inc Ta For Pilots Long-Term Disability Benefits is a legitimate nonprofit organization registered as a 501(c)(9) entity. Us Airways Inc Ta For Pilots Long-Term Disability Benefits submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Us Airways Inc Ta For Pilots Long-Term Disability Benefits?
The Us Airways Inc's long-term disability benefits plan, specifically for pilots, is designed to provide certain benefits to disabled participants who were full-time active pilots on the seniority list prior to the merger with America West. Pilots hired between January 1, 2005, and April 1, 2014, became eligible for disability benefits after one year of service under the plan. Pilots with an effective date of disability from April 1, 2014, and beyond are eligible for benefits under the American Airlines, Inc. 2012 pilot long-term disability plan and are not eligible for benefits under the Us Airways Inc's plan. The plan aims to support these disabled pilots by providing them with necessary benefits during their time of disability.
Who is the CEO of Us Airways Inc Ta For Pilots Long-Term Disability Benefits?
L Cole Brown is the Trustee of Us Airways Inc Ta For Pilots Long-Term Disability Benefits.
What is the revenue of Us Airways Inc Ta For Pilots Long-Term Disability Benefits?
Us Airways Inc Ta For Pilots Long-Term Disability Benefits's revenue in 2022 was $65,093.
Who are the executives of Us Airways Inc Ta For Pilots Long-Term Disability Benefits and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Us Airways Inc Ta For Pilots Long-Term Disability Benefits?
Us Airways Inc Ta For Pilots Long-Term Disability Benefits's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Us Airways Inc Ta For Pilots Long-Term Disability Benefits
Us Airways Inc's Ta for Pilots Long-Term Disability Benefits is a plan designed to offer certain advantages to disabled participants. Initially, these participants were full-time pilots with Us Airways prior to their incapacity, prior to the company's merger with America West. The plan extends benefits to eligible pilots, including those who joined the team after January 1, 2005, and before April 1, 2014. These pilots became eligible for disability benefits after completing a year of service. For pilots who became disabled on or after April 1, 2014, Us Airways Inc's Ta for Pilots Long-Term Disability Benefits is no longer applicable. Instead, they are covered under American Airlines, Inc.'s 2012 Pilot Long-Term Disability Plan.
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Impact
October, 2024
Us Airways Inc Ta For Pilots Long-Term Disability Benefits provides essential financial support to eligible disabled participants who were full-time pilots for US Airways before its merger with America West. This plan is critical for pilots who have dedicated their careers to the airline, ensuring they receive a measure of security during times of disability.
The trust fund established for this plan is designed to maintain net assets that correspond to at least the benefit obligations for the first 12 months for each disabled pilot receiving benefits. This proactive approach safeguards the financial well-being of participants, demonstrating a commitment to their welfare during difficult times.
Eligibility for benefits varies depending on the date of hire and disability. While pilots hired before January 1, 2005, were automatically eligible under the plan, those hired between January 1, 2005, and April 1, 2014, must have completed one year of service to qualify. Importantly, legacy US Airways pilots experiencing disabilities on or after April 1, 2014, will be moved to the American Airlines 2012 Pilot Long-Term Disability Plan, showcasing an evolving structure to meet the needs of pilots post-merger.
This plan not only provides immediate financial assistance but also emphasizes the commitment to uphold the dignity and livelihoods of pilots who have served the airline, thereby fostering a sense of community and mutual benefit among those who have dedicated themselves to the profession.
This information is meant to be a general summary of Us Airways Inc Ta For Pilots Long-Term Disability Benefits. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $65,093
- Gross Receipts: $65,093
Assets and Liabilities:
- Total Assets: $5,057,930
- Total Liabilities: $5,042,445
- Net Assets: $15,485
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Organization Details
Founding Year
2003
Phone
(682) 278-0449Principal Officer
L Cole Brown
Main Address
1 SKYVIEW DRIVE MD8B401, FORT WORTH, TX, 76155
NTEE Category
Code: Y43 - Mutual benefit
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