K-Mart
Well-known member
- Joined
- Jan 19, 2005
- Posts
- 317
The Age 65 rule will hurt SWA in a big way that the company has not or is not recognizing. As far as UPS, FedEX and others I can only imagine they will use it against u in terms of your retirement benefits. At SWA though, there is no pension but only what you have saved. And believe me, there are some very well to do Capts there that could easily retire at 60.
So why would they not want to retire at 60 and stay on till 65. The only reason is health care and the ability to hold the very best line. If you leave at 60 guess what you're on your own for helath care. It'll cost you about 1800 per month to pay your own health care till 65. Why would anyone do that?????
Tell you what is going to happen, a guy will keep working a regular line until say 62. He's got it good and bids his 3 three days a month plus his one two day. He's making 230K but something is a little bit wrong. He wants some of his own time and frankly no one should blame him. He's earned it. So it easy, he'll drop a trip and then call in sick for a trip. After all is said and done, he's taken a pay cut down to 160K a year but he's only working 6 days a month. Not a bad part time job! It will happen and the older guys that have saved up all that sick pay, figuring they will retire in at 60 will use it to the max. You will have a very unproductive older labor force. They can't help it, when you get 62/63 a lot of people change and want to spend time doing what they want and not sitting in a hotel in Vegas. I've seen it in my father and his friends. It's just the way it is. But, if you can work 6 days a month and make 160K everybody in there righ mind will do it. Fact of life here.
The other issue coming will be with guys losing there medicals on purpose. That's right on purpose. If you don't think someone who is burned out at 62-63 wouldn't consider it, you're nuts. Who gets to pay for that? Who do you think.
I'ts not that I'm against the 65 rule, I just don't want to see companies and the younger workers get screwed. This rule needs to come with some contract adjustments if folks want to retire early. If it doens't companies and workers are going to find it kinda sh!tty. Oh well, at least the older guy makes out.
So why would they not want to retire at 60 and stay on till 65. The only reason is health care and the ability to hold the very best line. If you leave at 60 guess what you're on your own for helath care. It'll cost you about 1800 per month to pay your own health care till 65. Why would anyone do that?????
Tell you what is going to happen, a guy will keep working a regular line until say 62. He's got it good and bids his 3 three days a month plus his one two day. He's making 230K but something is a little bit wrong. He wants some of his own time and frankly no one should blame him. He's earned it. So it easy, he'll drop a trip and then call in sick for a trip. After all is said and done, he's taken a pay cut down to 160K a year but he's only working 6 days a month. Not a bad part time job! It will happen and the older guys that have saved up all that sick pay, figuring they will retire in at 60 will use it to the max. You will have a very unproductive older labor force. They can't help it, when you get 62/63 a lot of people change and want to spend time doing what they want and not sitting in a hotel in Vegas. I've seen it in my father and his friends. It's just the way it is. But, if you can work 6 days a month and make 160K everybody in there righ mind will do it. Fact of life here.
The other issue coming will be with guys losing there medicals on purpose. That's right on purpose. If you don't think someone who is burned out at 62-63 wouldn't consider it, you're nuts. Who gets to pay for that? Who do you think.
I'ts not that I'm against the 65 rule, I just don't want to see companies and the younger workers get screwed. This rule needs to come with some contract adjustments if folks want to retire early. If it doens't companies and workers are going to find it kinda sh!tty. Oh well, at least the older guy makes out.
Last edited:
