So this lets you out of the soc sec ponzi scheme? How does pay out compare to SSN? What about the rehiring rights? In the end the Rail Roads became gov't operations.
Out of SS, yes. There is already a prevailing methodology in place for those transistioning from SS to RRB that works well. The re-hiring scheme is basically if your airline goes away you get placed in a hiring pool at another similiar airline where you are hired at the bottom of the seniority list but you keep your longevity. (ALPA had this for pilots hired before 1974 but let it go) This retirement pays out fully with 30 years of service and a minimum age of 60.