SUPPORTING PILOTS THROUGH MUTUAL BENEFITS

Members of the ALPA-S MBO may join other commercial insurance if they so choose. They must take cognizance of the limitations and exclusions of the commercial offerings.

The ALPA-S MBO can offer members the same level of benefit at a lower subscription. It also provides older pilots above 58 years old better benefits than commercial Insurers, and the joining age limit is also lower than some commercial insurers.

Higher benefit up to $500k is possible without any increase in subscription under the ALPA-S MBO, provided the loss experience is within expectations, and the Benefit Fund builds a healthy balance.

The ALPA-S MBO has contingency plans in place if the total yearly payout reaches 80% of the opening balance in the Benefit & Reserve Funds.

Once this limit is reached, the payout will revert to a monthly payout of $10k for all loss events thereafter. At the end of the financial year, any funds remaining will be used to meet the obligations of the ALPA-S MBO and any arrears will be carried over to the following year until all the obligations of the ALPA-S MBO have been discharged. In the event of a high number of loss claims, the monthly subscription may also be adjusted to keep the ALPA-S MBO viable. However, any increase shall not exceed $150 per month.

As long as a pilot is a financial member of ALPA-S and meets the joining criteria, they are eligible to apply for membership in the ALPA-S MBO. There are already several pilots from Scoot who are members of ALPA-S and the MBO. If the pilot is not a member of ALPA-S, they may apply for membership in ALPA-S. Upon confirmation of their membership in ALPA-S, they may then apply for membership in the ALPA-S MBO.

The ALPA-S MBO is an independent organization registered with the Ministry of Culture, Community and Youth and governed by the Mutual Benefit Organisation Act. It exists to provide benefits to members of ALPA-S.

The object of the ALPA-S MBO is to provide benefits to members, who must also be ALPA-S members, in the event they suffer removal of privileges to their Singapore Class 1 Medical Certificate or in the event of their death. It was mooted, designed and registered for the benefit of ALPA-S members.

The Joining Deposit provides seed money to allow the MBO to meet its obligations during the initial startup and is refundable upon resignation from the ALPA-S MBO, ALPA-S, retirement or a claim in Loss of Class 1 License.

If you resign from the MBO, your Joining Deposit will be refunded. However, your monthly subscription is payable to the date your membership ceases.