Hi!
I have heard they are tying it to either SS or Medicaire age. It makes sense to tie it to Medicaire, because that way pilots can have some type of health insurance when they are forced to retire. There are lots of pilots at smaller companies, and when they retire, they have to get another job to get health care benefits, as their companies don't have any for retirees.
Safety:
The oldest pilots are statistically the safest. When you say there are 58 year olds who shouldn't be flying, you are right. There are also 55 and 50 and 45 year olds who shouldn't be flying because of their ill health, but they are able to skate through their physicals. None of that changes the fact that the oldest pilots are the safest. When I fly with my family, I want the safest pilots flying them, not someone younger and less safe, just because the older guy was forced out of the cockpit. The new law would make older pilots subject to much stricter physical requirements to keep their medical.
ALPA:
ALPA has always been for keeping Age 60, until about 6 months or so, when they changed their position. They are now supporting raising the age, I believe because so many of their union constituents are losing their retirement packages.
SWA:
SWAPA, and I believe also SWA itself as ALWAYS been against the Age 60 rule.
Younger pilots trying to get to the majors:
If you have to wait, for example, 5 years, then you have to wait. You will have 5 more years to fly, so your total years of flying at the major will be the same. Also, as stated above, there is no one holding a gun to your head and making you fly past 60 if you don't want to. If you're in a union, you can negotiate some sort of early retirement if you desire.
Age discrimination isn't fair. If we take the attitude that the Age 60 rule is OK, what is to prevent the FAA from changing it to 40? I'm over 40, and I wouldn't want to have to end my career now so some 21 year old can take my job today!
Cliff
YIP