Implications of S.65

[klhoard]

. . .<snip>. . If you are hired 5 years later than you would have been otherwise, what's the difference?

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The difference is that I'm already on the seniority list and will have five more years to fly around in the left seat of the A380 (or A410 or A450).
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[shagadelic]

Cyclone, my point exactly.

I don't know if things will be the same when I'm 60, so get as much as you can now and bank it. Southwest is great now, but there are no guarantees. That 17 month delay is not something I would trade for a possible 5 years of extra flying when I'm 60.

 

[semperfido]

Why should it be any different than it is for the rest of Corp America? Pass a physical, keep flying. Simple. All those upgrade, furloughed pilot, etc, etc arguments are smoke and mirrors and have nothing to do with it.

Fine example of "pull up the ladder, I have mine.... my career advancement has been benefitting from the current age 60 rule up until this point."

this is the way it works in the rest of our economy. why should p121 airline pilots be any different?

 

[JohnDoe]

quote:
"The difference is that I'm already on the seniority list and will have five more years to fly around in the left seat of the A380 (or A410 or A450)."


Well........no kidding.

But I wasn't talking about somebody already on the senority list, now was I....

Fine example of "pull up the ladder, I have mine.... my career advancement has been benefitting from the current age 60 rule up until this point."

 

[Flopgut]

Upon turning age 60 the pilot should be surplussed to the bottom of the list (behind furloughs even). That way the industry keeps moving. That would also keep us in line with ICAO/JAA standard.

 

[N1kawotg]

Cyclone- PT is correct without assuming compounding interest as you said. Which may or may not be depending where the stock market is. Also, the senior guys at SWA already max out pay scales and vacations and most still have a ton of sick leave on the books- why cause their productive. So over night these guys will say " No more working for me". No way, they could've been doing this already. As previously mentioned SWA hires for growth.

Flog- what about co. that haven't furloughed?

 

[TCAS]

pt

if your upgrade is delayed a year and a half...that costs you ~$100,000 in up-front money for the years you wait to upgrade (salary, 401k, and profit sharing...that is conservative)...if you invested that money...and at ~ 8% growth that would be $800,000 in 20 years...if you're 40 that means $800,000 when you turn 60. if you are in favor of working until 65...you'll have to...just to get the money back that you lost when you didn't upgrade. the old farts have you fooled on this one.

You are incorrect... given a principal of $100,000 compounded on a daily basis at 8% over 20 years results in $495,316 not $800,000.

 

[CoATP]

Yes and another 5 years at ($140,000 or more) is $700,000. SO you are about $200k ahead of the Age 60 rule.

 

[N1kawotg]

COATP- I no longer care what happens to this rule. Pleas just tell me where your avatar came from

 

[CoATP]

personal camera. Suibject from planet Krypton. She's super

 

[Falconjet]

Man what a canvas!