Age 65 is Law the greedy.....

[aircowboy]

Bush signed it tonight. What a bunch of self serving greedy pricks.

 

[Spooky 2]

Bush signed it tonight. What a bunch of self serving greedy pricks.

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.

 

[ifly4u]

Link? How soon until it goes into effect? I can already feel the chill this is going to put on the whole industry.

 

[PCL_128]

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.

 

[bailout]

WooHoo!!! Awesome......

Those against it are are simply to short sighted.....

 

[iaflyer]

Link? How soon until it goes into effect? I can already feel the chill this is going to put on the whole industry.

http://www.whitehouse.gov/news/releases/2007/12/20071213-4.html

 

[rtmcfi]

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.

I would tell you to act your age, but I don't really want you to drop dead.

 

[rtmcfi]

WooHoo!!! Awesome......

Those against it are are simply to short sighted.....

WooHoo!!! Awsome.....
Five years of career stagnation.

Those who are for it are simply greedy, or don't understand compound interest.

 

[JAC2LAS]

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

 

[JumpersAway]

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.

 

[Spooky 2]

I would tell you to act your age, but I don't really want you to drop dead.

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!

 

[ex j-41]

"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]

With the stress of this occupation, I just hope to live to see 65.

 

[The_Russian]

Besides stress, don't forget to take in account Chili's and Panda Express!

 

[Stifler's Mom]

Besides stress, don't forget to take in account Chili's and Panda Express!

I love Panda Express. Don't tell me that stuff's bad for me too?

 

[Erlanger]

With the stress of this occupation, I just hope to live to see 65.

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.

 

[Windsor]

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.

 

[Superpilot92]

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.

Yeah because your a Beacon of light on how we should all act and post........

 

[11thHour]

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.

 

[kmox29]

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.