active_herk
Well-known member
- Joined
- Apr 12, 2002
- Posts
- 188
The folks that won't want the Age 60 rule repealed are the major airlines themselves. Gosh, could you imagine what that would do to their bottom lines if they allowed their most senior pilots (most likely their most expensive) to continue to fly??? I think a good compromise would be a bridge to age 65...
Actually, I think you may be wrong on this point. If the major airline managers had their way, we would work until the day we die. If your airline has an 'A' fund, the company pays a pension to you every month until you die. This amount is based on a formula or in some cases a series of formulas. In return for receiving this pension, you are contributing ABSOLUTELY NOTHING to the company once you are retired. In other words, you are generating no revenue for the company. On the other hand, if you continue to work, you may be the highest paid employee, but you are still generating revenue for the company. I can guarantee the revenue you generate will far outweigh the amount you cost the company in terms of salary and benefits. It will at the very least cover the cost difference between your salary as an active employee and the amount the company is paying you in pension.