Major Least affected by 65 - PLZ HELP

[CALDC9]

Just worry about getting hired and forget about the small things, which by the way...this issue is when put into persective.

Spooky2
wise words of experience

You can figure aviation will change at least 3 times
in 30 years.

1) start now, max your 401k

2) find a carrier with a define contribution plan, (B plan) that money is yours whatever happens.

3) LTD, enroll when you are hired

Do these, for your financial future

Take care,good luck

 

[hmmm]

What's a LTD

 

[Cardinal]

I am curious which airline is over the major attrition hump and has had a majority of the AGE 60 pilots already retire? This will help for future planning. Thanks

You can't escape it, so the question is irrellevant. "Pay me now or pay me later."

My line has very, very few pilots over the age of 50 right now. Age 65 will still screw our young guys, but the effects won't be felt until 10 years from now. A top heavy line like NWA will feel the 5 year stagnation immediately. A hypothetical airline that just had the "majority of age 60 pilots retire" wouldn't be more desirable, as with or without a change in the retirement age advancement will be slow. Yet Age 65 would still make it worse.

Age 65 will effect every airline, just at different times.

 

[optimater]

What's a LTD

A monster of a car made by Ford. http://flee.com/ltd/

or

Long Term Disability

 

[cargoflyr69]

A top heavy line like NWA will feel the 5 year stagnation immediately.

I'm not so sure about that. Over half of the pilots are over 50 at NWA. They were all on property thru the BK and have most of their pensions intact. There will be very little financial incentive for these guys to stay on.

For 30 somethigns like me, I think it will not really affect us too much. I'm a newhire and there is no A plan for me. The B plan is immediate 5% DC going to 8%. possibly more with the next contract. As I see it, with good 401K planning and the DC, I should be close to where I would have been with a pension. its the 40 somethings that really got the screw job if you ask me. They may have to stay to 65.

my .02

 

[thor2j]

At Delta we lost 2300 Cpatians prior to BK due to the pensions. That made our group fairly young compared to others, with 1000 pilots over 50, which includes 500 over 55. Our current hiring spree is due to expansion, not retirements. We are growing and adding INTL routes fast, which require extra pilots. Other airlines, like CAL, are hiring due to expected retirements primarily. That could affect hiring there I would suppose. You have to look at why an airline is hiring, and if it is retirements, then hiring could slow, along with future upgrades. Delta will have less retirements now, but down the road growth could grind to a hault.


Bye Bye--General Lee

Actually CAL is hiring due to mainly growth 3-4% and to a lesser extend retirements. 60+ new aircraft in next two years and only loosing 15 or so older aircraft.

 

[Furloughed80]

As thor2j said. Why can't you understand that CAL is growing. We seem to go over this every month.

 

[Hutchman]

Actually CAL is hiring due to mainly growth 3-4% and to a lesser extend retirements. 60+ new aircraft in next two years and only loosing 15 or so older aircraft.

Revision last week to 2-3% groth. Hiring cut 33%. This is before age 65. More to come.........

 

[Patriot328]

Revision last week to 2-3% groth. Hiring cut 33%. This is before age 65. More to come.........

I am hoping that the slow down in hiring is due to the 65 change....

 

[taysha]

IN a memo last month, APA mentioned Bush was suppose to veto this bill.