Powda5
Well-known member
- Joined
- May 20, 2005
- Posts
- 110
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What happens if age 65 is fast tracked and happens? Ouch for all of us.
Bye Bye--General Lee
What happens if age 65 is fast tracked and happens? Ouch for all of us.
Bye Bye--General Lee
2008: 0
2009: 0
2010: 0
2011: 0
2012: 0
Then back on track.
Oh, I'm sure people will still retire "early" at 62 and such. Don't forget the ones that drop dead in the cockpit. Life will be grand. I can't wait to make the decision of either retiring at 60 and losing $500,000 or more in career earnings or working til 65 to make it up and dying the day after I retire...
Of course that is a worst case scenario, but junior pilots will lose tens, if not hundreds, of thousands in career earnings or be forced to fly past 60 to make up the difference.
I haven't flown with a single guy nearing retirement yet that said he would go past 62. Most just wanna get the SS check and bail.
So you guys are saying that at age 62 a captain making $250k per year is going to walk with a SS check of a couple grand a month? Not on your life! They are going to stay until you pry them out of the cockpit. And I don't blame them. (even though I oppose age 60 changes)
Gup
So you guys are saying that at age 62 a captain making $250k per year is going to walk with a SS check of a couple grand a month? Not on your life! They are going to stay until you pry them out of the cockpit. And I don't blame them. (even though I oppose age 60 changes)
Gup
I haven't flown with a single Captain that says that voted Yes on Contract '02.
Leaving Early has to do with the lump sum retirement getting reduced. The longer you stay the smaller it is. Also in a couple of years it will not be based on the GATT rate any longer which will further reduce the payout.
Staying longer will still get you a little more money but you will have to work full time to get it. Some will stay some will leave.