They did whe I was there. It was a policy that paid 75% of your wage for a 2 year period if you lost your license basically due medical reasons. Failing a renewal 3 times and getting let go didn't qualify. From memory there was a 2 month cooling off period before the policy paid out. I was there for over 5 years and only knew of one person who needed it and he was a rampie who slipped a disk in his back while out skiing. There may have been more in the past few years as I'm not there any longer.
As for the reasons why they are recruiting endorsed people only I'm not sure. Maybe they are trying to get Skippers pilots to move across...