Age 65 Effect on Hiring New Pilots

[Avtrchris]

How many of the guys approaching 60 will just retire anyways or retire after 61? I have heard a lot of pilots approaching 60 say "I am going to retire at 60 regardless!!" In reality I would expect a lot of those pilots to go against what they say and continue to fly past 60. I could see some of the pilots only fly until 62 or 63 and then say I cant take it anymore and retire prior to 65. If you retire prior to 65 now would there be any penalty for your pension( the lucky ones that still have one that is) that would make them want to fly until 65 vs. retiring at 63 or 64??

I forget the cutoff but at NWA all the pilots approaching retirement are grandfathered into it. Meaning no penalties to the Pensions as of now.

 

[MINIME]

Has anyone that's waay smarter and more patient than myself, taken the time to form an analysis of how each airline is going to be affected by this? Last I heard, UPS and FEX were waiting to see what happenned with this law before they committed to more hiring. I'd love to see one for each Leagacy, LCC, and some cargo carriers. Anyone?? General?

 

[PBRstreetgang]

The rumor at CAL is that the hiring will stop for a while after the January classes. Of course that was probably Friday's plan. Who know's what Monday's plan will be...

As far as the retirements picking back up again in 5 years, I hope so but if you think AAPAD won't be back on the warpath again fighting for age 67 or 70 or the elimination of a specific age all together. You are more optimistic than me.

Certainly some will retire at 60 as long as the unions bargain to keep 60 as the "normal" retirement age but many will stay so it will be difficult to predict the effects on seniority progression. Especially if 65 becomes the new "normal" retirement age in airline contracts. Then most will not be able to afford the penalties involved with retireing early. Especially the loss of "bridge" medical benefits.

Take this opportunity to kneecap( http://en.wiktionary.org/wiki/kneecapping ) a few scabs, no one except their families will care, and you can move up a slot or 2.
PBR

 

[ip241au]

If you are at the top of your airline food chain with bunches of days off and earning top dollar, the incentive to stay and fly a "few" trips a month and make a chunk of change doing it is huge. Throw in their vacation days and these guys will work even less than they do now.

Might have to hire more guys to cover the sick calls.

Bridge medical--so I make 12K a month and I can't afford health insurance?

I think many guys will stick around

 

[ThisistheDream]

For the airlines that still have some pensions or that where frozen, could you have situations where if you retired at 60 and collected your pension, vs flying until your 65 where the difference could minimal like 10k to 25k year, meaning you would make 10k to 25K more a year working (flying), vs sitting at home, would it then still be worth it to fly and only make 10k-25K more a year??

 

[Southbound]

For most cheap as$ed pilots is 10-15 K worth it? Have you met most pilots?