PPRuNe Forums - View Single Post - Must see for EK pilots - Income protection issue
Old 18th Oct 2007, 09:36
  #122 (permalink)  
BigGeordie
 
Join Date: Apr 2003
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Guys, it was an insurance scheme, not a savings scheme. You would only ever get anything back from your contributions if you made a claim during the time you were paying contributions. When your car insurance runs out at the end of the year you don't get anything back if you haven't claimed.

I did contribute to LIPS and (I hope) I was covered while I was doing so. Now that I'm no longer contributing (Checks into a personal bank account? Don't think so!) I'm not covered. End of story.
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