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Age 65 is Law the greedy.....

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Link? How soon until it goes into effect? I can already feel the chill this is going to put on the whole industry.
 
Goes into effect immediately. If you haven't yet turned 60 today, then your new age limit is 65. The greedy geezers have screwed us all over.
 
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This is absolute BS! Did you people ever take a money management class? Most of you who are for it have been making well over six figures (even after 9/11) for the past 20 years and you still can't figure out how to retire? Thats pathetic! Also... how is changing the age to 65 not age descrimination? or should we all be ready for you all to start playing that card it 5 years :(
 
Everyone knew the game when they started- age 60 and you were gone. If you are not ready for retirement by age 60, regardless of what age they mandate for retirement, you'll still not be ready. Everyone knows how unstable this industry is, and that should have been accounted for as you accrued funds for your retirement throughout your years of service. Bottom line, More work for less money- and shame on ALPA for supporting this. Even if they KNEW it was going to happen anyway, they should have sided with the MAJORITY of the ALPA membership, and not supported it. Props to APA for at least voicing out against this.
 
rtmcfi said:
I would tell you to act your age, but I don't really want you to drop dead.
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Childish repsonse and not unexpected. You haven't a clue about my age or what I do for a living. Now again...get over it as it's no more than a blip on your whole career. Whaaa Whaaa, I'm not going to make Capt. this year!
 
"Fair Treatment for Experienced Pilots Act".

Total crap. The goverment doesn't care about experienced pilots. If they did then the airlines couldn't hire 250hr wonders.
Airline managment is responsible for deteriorating this industry and now we have this band aid fix from congress for 5 years? It's all crap. And it's another reason why ALPA need to just go away.
 
Stifler's Mom said:
With the stress of this occupation, I just hope to live to see 65.
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Here's the research to show you may not live;

By Sing Lin, Ph.D.Member of National Council of Chinese Institute of Engineers – USA/Greater New York Chapter, and Member of Board of Director of National Taiwan University Alumni Association – Greater New York (March 2002)


Longevity Vs. Retirement Age

The pension funds in many large corporations (e.g., Boeing, Lockheed Martin, AT&T, Lucent Technologies, etc.) have been “Over Funded” because many “late retirees” who keep-on working into their old age and retire late after the age of 65 tend to die within two years after their retirements. In other words, many of these late retirees do not live long enough to collect all their fair shares of pension money such that they leave a lot of extra-unused money in the pension funds resulting in the over-funded pension funds.

Dr. Ephrem (Siao Chung) Cheng provided the important results in the following Table 1 from an actuarial study of life span vs. age at retirement.

Table 1 – Actuarial Study of life span vs. age at retirement.

Age at
Retirement-- Average Age At Death
49.9 ------- 86
51.2 ------- 85.3
52.5 ------- 84.6
53.8 ------- 83.9
55.1 --------83.2
56.4 ------- 82.5
57.2 ------- 81.4
58.3 ------- 80
59.2 ------- 78.5
60.1 ------- 76.8
61. -------- 74.5
62.1 --------71.8
63.1 ------- 69.3
64.1 ------- 67.9
65.2 ------- 66.8


Table 1 indicates that for people retired at the age of 50, their average life span is 86; whereas for people retired at the age of 65, their average life span is only 66.8.

An important conclusion from this study is that for every year one works beyond age 55, one loses 2 years of life span on average.

The hard-working late retirees probably put too much stress on their aging body-and-mind such that they are so stressed out to develop various serious health problems that forced them to quit and retire. With such long-term stress-induced serious health problems, they die within two years after they quit and retire.

On the other hand, people who take early retirements at the age of 55 tend to live long and well into their 80s and beyond. These earlier retirees probably are either wealthier or more able to plan and manage their various aspects of their life, health and career well such that they can afford to retire early and comfortably.

These early retirees are not really idling after their early retirements to get old. They still continue doing some work. But they do the work on the part-time basis at a more leisure pace so that they do not get too stressed out. Furthermore, they have the luxury to pick and chose the types of part-time work of real interest to them so that they can enjoy and love doing that “fun” work at a more leisure pace.

However, when you get older, you should plan your career path and financial matter so that you can retire comfortably at the age of 55 or earlier to enjoy your long, happy and leisure retirement life into your golden age of 80s and beyond. In retirement, you can still enjoy some fun work of great interest to you and of great values to the society and the community, but at a part-time leisure pace on your own term.

On the other hand, if you are not able to get out of the pressure-cooker or the high-speed battleground at the age of 55 and “have” to keep on working very hard until the age of 65 or older before your retirement, then you probably will die within 18 months of retirement. By working very hard in the pressure cooker for 10 more years beyond the age of 55, you give up at least 20 years of your life span on average.
 
In 30-35 years from now when we are getting ready to retire, we probably wont be flying anyway. All us pilots are going to be replaced by automated aircraft (airbus). There wont be a need for pilots anymore. Either that or we're (earth) gunna be running low on oil and gas will be so expensive that it'll make flying prohibitivly expensive.
 
Spooky 2 said:
So sorry for your loss, now grow up. You probably need a few more years in the right seat to mature a little based upon your language.
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Yeah because your a Beacon of light on how we should all act and post........:cool: :rolleyes:
 
Ugh, wth would want to work to death's doorstep in this industry? If anything this increases my drive to save more and spend even less on my pathetic income (now to be pathetic for 5 extra years) than I already do to avoid having to ever use this legislation.

omg-do-not-want.jpg
 
This is yet another sad day for the piloting profession. VERY glad I left the airlines...best of luck to the youger guys who just found out they "get" another 3-5 years of the regional lifestyle.
 
Stifler's Mom said:
With the stress of this occupation, I just hope to live to see 65.
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I'm sorry to burst your bubble, but this simply is not a stressful occupation. Unless of course you are the "type A" personality that gets wrapped around the axle at every little thing that comes along. Those types of people are stressed out no matter what.

Most of the stress of this job is self-induced, such as getting pissed off when a passenger gets riled up or when a bag is added late, or when you are over fueled, etc. Just sit back, relax, and take it as it comes. That way, you'll live to see 65.
 
ASA_Aviator said:
I'm sorry to burst your bubble, but this simply is not a stressful occupation. Unless of course you are the "type A" personality that gets wrapped around the axle at every little thing that comes along. Those types of people are stressed out no matter what.

Most of the stress of this job is self-induced, such as getting pissed off when a passenger gets riled up or when a bag is added late, or when you are over fueled, etc. Just sit back, relax, and take it as it comes. That way, you'll live to see 65.
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We're on different pages about what I'm talking about. Trying to make ends meet on poor salaries. Living paycheck-to-paycheck while paying mortgages, car payments, school loans, raising children, sending them to college, etc.

Having to put your career on the line every 6 months with a FAA physical exam or checkride. Being responsible for the lives of customers, especially during bad weather. Screwed up sleep cycles. Exposure to radiation and who knows what types of mold and other airborne crap in lousy hotels.

Pensions, salaries and work rules dismantled Post 9/11.

I'll give you the ATL ramp though.;)
 
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PCL_128 said:
Goes into effect immediately. If you haven't yet turned 60 today, then your new age limit is 65. The greedy geezers have screwed us all over.
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are you sure it would be effective immediately? is there no implementation period?..i thought this was part of the 2008 budget that wouldn't go into effect until '08? (but then again, I'm not completely sure about that).

anyone have any link or something that spells out the details of when this would kick in?

wonder what happens to all the guys who were about to leave at 60 and were going to get social security 'bridge' compensation til 65, i guess that's out the window. hope they weren't counting on that money like clark griswall and his christmas bonus
 
Spooky 2 said:
get over it as it's no more than a blip on your whole career. Whaaa Whaaa, I'm not going to make Capt. this year!
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This "blip" just cost me $283,000 in wages, jackass. That's just pure wages, not even figuring the time value of money. It also scorched the Earth of my QOL.At least I'm one of the lucky ones that made it on property. You are REALLY ********************ting on the Regional guys. If you listen closely, you can hear the door to ALL of the HR/pilot hiring/people department/recruiting offices closing.
 
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GlenQ said:
are you sure it would be effective immediately? is there no implementation period?..i thought this was part of the 2008 budget that wouldn't go into effect until '08? (but then again, I'm not completely sure about that).

anyone have any link or something that spells out the details of when this would kick in?
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The Federal Aviation Administration (FAA) welcomes the legislation signed into law last night by the President that allows U.S. commercial pilots to fly until age 65. The determined efforts of Congress have averted a lengthy federal rulemaking process while enabling some of our nation’s most experienced pilots to keep flying.

Effective last night, the Fair Treatment for Experienced Pilots Act allows both pilots on a domestic flight to be up to age 65. For international flights, one pilot may be up to age 65 provided the other pilot is under age 60, consistent with the November 2006 International Civil Aviation Organization (ICAO) standard.

While the law is not retroactive, airlines do have the option to rehire pilots who are under age 65. The rehiring of pilots is not mandatory and is the decision of each airline.

In January, the FAA announced that it would raise the retirement age for commercial pilots to 65. The mandatory federal rulemaking process would have taken 18 months to two years. The FAA took a renewed look at its longstanding rule in September 2006 with the help of aviation industry and medical experts who provided the agency with valuable insight and analysis. The “Age 60 Rule” had been in effect since 1959.

---That's from faa.gov. To me, that means it has already kicked in. Best of luck boys and girls :puke:
 
While the law is not retroactive, airlines do have the option to rehire pilots who are under age 65. The rehiring of pilots is not mandatory and is the decision of each airline.
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This should be an interesting fight amongst the individual pilot groups.
 
This law is a step in the right direction.
The next step is to raise the minimum age to 30 thus ensuring two grownups on every flight deck.
 
PilotGeek said:
This law is a step in the right direction.
The next step is to raise the minimum age to 30 thus ensuring two grownups on every flight deck.
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You didn't consider yourself grown up until you were 30?!:eek:
 
Hamburger said:
You didn't consider yourself grown up until you were 30?!:eek:
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Growing old is mandatory. Growing up is optional.

Whether you think the increase to 65 is good or bad depends on where you are in the progression of your career. To some it is disaster, to others a relief, and it's all about the perception.

And it is an issue as polarizing (if not as widespread) as the abortion debate and the red/blue debate. Nobody will be convinced to change their opinion.

Shout on.
 
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Stifler's Mom said:
We're on different pages about what I'm talking about. Trying to make ends meet on poor salaries. Living paycheck-to-paycheck while paying mortgages, car payments, school loans, raising children, sending them to college, etc.

Having to put your career on the line every 6 months with a FAA physical exam or checkride. Being responsible for the lives of customers, especially during bad weather. Screwed up sleep cycles. Exposure to radiation and who knows what types of mold and other airborne crap in lousy hotels.

Pensions, salaries and work rules dismantled Post 9/11.

I'll give you the ATL ramp though.;)
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Point taken.

I still prefer it to working 9-5. I'll give you that the uncertainty does add a certain "je ne sais quoi" to the whole career... :)
 

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