Age 60 legislation is moving fast as of today

[Peanut gallery]

No NPRM, it is moving fast with a 104 rule attached.

 

[LearAv8r]

Well you can thank SWAPA and a bunch of old guys for letting you work longer instead of trying to put efforts into a decent retirement.

Who wants to work longer? Actually, I would like to retire at 60 and enjoy life with the grandkids, travel and have fun ..... We do have some idiots here at SWA.

work to live not live to work.....


(When this goes through IF YOU ARE UNDER 55 YOU ARE HOSED!!!). Not to mention the returning of guys who retired that the FAA will let return to fly and the proposed legislation to protect unions and companies from the lawsuits.

 

[LearAv8r]

double post.

 

[Andy]

No NPRM, it is moving fast with a 104 rule attached.

Peanut Gallery, what's a 104 rule? I did a search, but no joy. Also, can you reveal your source?
Thanks.






AAflyer, I tried to respond to your PM, but your mailbox is full. You'll need to empty out some stuff.

 

[Truckdriver]

Who wants to work longer? Actually, I would like to retire at 60 and enjoy life with the grandkids, travel and have fun.

Then retire at age 60. I doubt this law is going to force you to work until age 65. I hope to be set by age 55 to call it quits. So far I'm on track and don't really care what the law says about how long I can work. This may cause a slowdown in hiring for a couple of years, but it is by no means going to "ruin" the careers of those under age 55.

 

[grog_sit_reserv]

Yeah, but now they will pay us to work to 65 not 60, so, good luck getting a decent pay raise any time soon.

 

[capt. megadeth]

Well you can thank SWAPA and a bunch of old guys for letting you work longer instead of trying to put efforts into a decent retirement.

.

Amen bro! Amen! I have been scratching my head wondering this same thing about this one.

 

[capt. megadeth]

Yeah, but now they will pay us to work to 65 not 60, so, good luck getting a decent pay raise any time soon.

No $hit....my thoughts exactly. It will be like the RJ phenomena....we'll all regret it.

 

[capt. megadeth]

Then retire at age 60. I doubt this law is going to force you to work until age 65. I hope to be set by age 55 to call it quits. .

Bwaaaaaa haaaaaa haaaaaa! Don't worry, airline management will make it so we are forced to work till 65. At UPS, the penalty for retiring 5 years early is huge. I am sure over time it will be that way when you retire at 60. I am sure airline management is creaming in their pants at the thought of how they can use this 65 thing to their advantage. They just can't wait till we step on our weenies.....AGAIN!

I hope to be set by 40....hope is the key word. Good luck with the 55 thing bro.

 

[ms6073]

I doubt this law is going to force you to work until age 65.

You are probably right but are there peripheral impacts of the proposed legislation that are not being mentioned such as a possible impact on Social Security retirement benefits?

 

[K-Mart]

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.

 

[michael707767]

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.

You hit the nail on the head. I have heard conversations among the older pilots at my airline. This is exactly what they are planning on doing. Fly just enough to get out of the house and keep the company from trying to fire them. Ride it out until you can get medicare and your social security. And they will still make more money than they would have had under our old retirement plan. ROAD.

 

[jetpilot]

Well you can thank SWAPA and a bunch of old guys for letting you work longer instead of trying to put efforts into a decent retirement.

Who wants to work longer? Actually, I would like to retire at 60 and enjoy life with the grandkids, travel and have fun ..... We do have some idiots here at SWA.

work to live not live to work.....


(When this goes through IF YOU ARE UNDER 55 YOU ARE HOSED!!!). Not to mention the returning of guys who retired that the FAA will let return to fly and the proposed legislation to protect unions and companies from the lawsuits.

When you were in the SWA pool in 04/2002, it was probably one of those idiots, who gave you the thumbs up to join a new hire class. Oh, how soon we forget. Go back to flying your kite!

 

[Huck]

Not a bad part time job! It will happen

This is already happening. The over-60 crowd on our DC10 & 727 panels call in sick an average of SEVEN TIMES more than the rest.

I spent a year of hell on DC10 reserve. I'd get short-called at least twice a month - always at midnight for a ~2:30 am duty in, always to wherever it was raining or snowing. Only time I saw Puerto Rico was when there was a hurricane in the vicinity....


I'll say this one more time: there are those who will be captains for 5 more years, and the rest of us will be f/o's for 5 more years, or s/o's, or not employed.....

 

[K-Mart]

This is already happening. The over-60 crowd on our DC10 & 727 panels call in sick an average of SEVEN TIMES more than the rest.

I spent a year of hell on DC10 reserve. I'd get short-called at least twice a month - always at midnight for a ~2:30 am duty in, always to wherever it was raining or snowing. Only time I saw Puerto Rico was when there was a hurricane in the vicinity....


I'll say this one more time: there are those who will be captains for 5 more years, and the rest of us will be f/o's for 5 more years, or s/o's, or not employed.....

God, I forgot you guys got FE's. Well you've got the proof in the pudding my friend. Sorry to hear about your experiences but thanks for sharing it with us. Just imagine when a lot of those guys flow back to your seat. Ouch!