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ima birdbrain; how do you presume to know LIPS dropped any ball? Do you have some kind of special insider info? Why LIPS should announce
anything on behalf of EPC, especially given EPC bizarre and erratic behaviour in recent months, is beyond me. Please explain,
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ima birdbrain... If you're not happy with LIPS performance, instead of throwing peanuts from the gallery, perhaps you might consider volunteering your services to
help protect your fellow Emirates pilots, instead of issuing, "grades"
(btw... does your habit of grading mean you're a TRE?)
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pilotday; did you know there are currently 7 Emirates pilots who were unfortunate enough to lose their medicals, who receive LIPS claim benefits every month? Those pilots might disagree with your evaluation (you can read some of their testimonials on the LIPS site).
LIPS has over Dhs 15 Million+ in the bank there to protect over 1800 LIPS Members. LIPS is paying
OUT 7 Claimants x approx Dhs 27k/mo = Dhs 189k/mo. And LIPS brings
IN 1800 x Dhs 395 = Dhs 711k/mo. That's a
Dhs 500k/month SURPLUS going in the fund to protect you in the future. Those are audited figures.
That's not a "Ponzi' scheme at all (look it up on Wikipedia) ... LIPS is massively SUSTAINABLE and there to protect you as an EK pilot, for EK pilots alone.
If you don't wish to believe the above facts, then new EPC "sponsor" AIG TopCover (btw AIG managed their affairs in such a manner the US Govt had to bail them out) is there for you... to take your money (and take their AIG TopCover profit cut from YOUR money, and hard work, too). Good luck with that.
