I would accept that.
Of course, just to keep things "fair" and consistent, he would also be limited to flying only the routes and equipment his company operated on the day he was hired. His salary and benefits would also be capped at whatever they were the day he was hired. While we're at it, why not make it a real "Triple-Crown" and limit him to the domicile into which he was hired?
Think of how much simpler training and route checks will be, not to mention monthly bidding. Retirement planning as well.
New airplanes and new routes would be operated by new guys. (After all, a new-hires "career expectations" will be different...and higher, than yours) The same with domiciles...new domiciles, new pilots. No more &$&*#% windfalls for guys just because they got hired before you did.
No more "junior" or "senior" domiciles either. Just domiciles. Yours is the one you hired into. You don't like it? QUIT, and re-apply for a different one.
If the company closes a domicile or disposes of one type of equipment, you're gone, too. A little harsh? maybe. But as someone else mentioned, there are LOTS of flying jobs out there that are available to the newly or prematurely retired pilot. Think of it as a "mini-bankruptcy." Nothing will prevent you from instructing, flying corporate, or even buying a 182 and starting your own 135 operation. Maybe you'll be lucky enough to secure one of these interesting and lucrative flying jobs!
I hope we can get this passed fairly quickly. I'd like to get a few years in the left seat of one of FedEx's new A-380's before I retire...at age 60, of course.