Implications of S.65

[viperdriver]

If the retirement age is changed to 65:

What percentage of guys will still retire at 60?
Will you still be able to retire at 60?
How will that affect retirement (still get a B-Fund)?

Not looking to argue the issue, just wonder what the implications are.

Here is figuring I did for Fedex.

360 /yr hiring next year. 150 retirements. Say 50% stay on til 65. Makes 285 new hires.

Obviously everything is speculation, and rule change would take awhile, so just using next years numbers for an example.

ViperD

 

[Phaedrus]

If the retirement age is changed to 60, then: 100%; yes; and I don't know.

 

[canyonblue]

If the retirement age is changed to 60:

ViperD

You mean 65?

 

[sandman2122]

Give the guy a break, he's probably been doing Memphis night hub turns all week.

Have a great weekend everybody!

Going to fly my RV!

 

[Falconjet]

I would guess more like 95% of the folks at FedEx would stay past 60.

Just a guess. That would cut the new hire number down to about 200.

Just my SWAG.

FJ

 

[shagadelic]

At Southwest, I think the retirement number will be virtually zero. By 60, people have 5 weeks of vacation; Captains have no problem giving away anything they want; they mostly have large banks of sick pay that they were going to trade for additional coverage to get them through to 65, which they won't have to use for that purpose now. All this equates to a GREAT part time job with benefits.

Why would anyone retire when you can fly as little or as much as you want?

 

[JohnDoe]

Seems to me that if the age 60 rule is changed, there is a good chance you can wave buh-bye to a good chunk of the hiring for the next 5 years.

In light of that, I don't quite understand the people who say "but you get to stay in your career for 5 more years....". If you are hired 5 years later than you would have been otherwise, what's the difference?

 

[semperfido]

At Southwest, I think the retirement number will be virtually zero. By 60, people have 5 weeks of vacation; Captains have no problem giving away anything they want; they mostly have large banks of sick pay that they were going to trade for additional coverage to get them through to 65, which they won't have to use for that purpose now. All this equates to a GREAT part time job with benefits.

Why would anyone retire when you can fly as little or as much as you want?

...you really think it will be that way by the time you are there?....i doubt it.

 

[sandman2122]

Well, based on life expectancy statistics for pilots retiring before Age 60 vs. after Age 60 - I'll take the early retirement.

You'll live longer, get to enjoy your retirement and spend time with your grandkids, not flying trips with your S/O or F/O "grandkids".

 

[semperfido]

Well, based on life expectancy statistics for pilots retiring before Age 60 vs. after Age 60 -.

you must be talking about night frieght hauler back side of the clock pilots