Full Social Sec. Retirement Age Defined By S.65

[luckytohaveajob]

Second, if they raise the age limit to 65 (another abitrary number) what is too stop these guys from attepting to raise it to 70 or unlimited retirement age. I don't want to spend the whole night having to babysit some 65 or 70 yr. old geeser.


nightrider

S.65 is not limiting the age to 65!!!!!!! S.65 is saying that a PART 121 pilot can fly to the FULL RETIREMENT AGE OF SOCIAL SECURITY. A schedule has long been established by the Social Sec. Adm. to increase the age of full benefit.
Social Sec. is designed to have ALL contribute and only pay those that survive a short period of time and is based on a few years less than the current death rate age averages.

Those that are just entering the work force today won't recieve benefit until they are in their 70's. These ages are also based on political issues that determine the numbers basis on funding requirements of the administration.

So based on Social Security many airline pilots will be flying till their death.

Lucky,
And I'll take lucky over good anyday.

AGE TO RECEIVE FULL SOCIAL SECURITY BENEFITS
____________________________________________

YEAR OF BIRTH FULL RETIREMENT AGE

1937 or earlier 65
1938 65 and 2 months
1939 65 and 4 months
1940 65 and 6 months
1941 65 and 8 months
1942 65 and 10 months
1943-1954 66
1955 66 and 2 months
1956 66 and 4 months
1957 66 and 6 months
1958 66 and 8 months
1959 66 and 10 months
1960 and later 67