I did not see that coming.![]()
People don't normally see death coming, but now you know what to look for.
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I did not see that coming.![]()
People don't normally see death coming, but now you know what to look for.
Yes, you caught me when I jokingly said I was on on food stamps, of course that was not true, but I think everyone knew that was just that, an overstatement to humorously make a point that there are retired pilots who lost everything and they truly are on food stamps.
Flopgut:
What's your problem? I lost my pension and retired into poverty (PBGC and food stamps) at age-60 when I was perfectly healthy and could have flown for 5 more years helping my kid with his college tuition and providing for my family.
Your previous words:
No one took your comment as 'jokingly'. Just another lie from you.
In your case, I find schadenfreude to be very pleasurable in both your lies here and your future in retirement.
Thanks for the entertainment, guys...right when I was beginning to suffer from the boredom of "post 'Breaking Bad' syndrome"...:cartman:
I've also been on strike, through 2 bankruptcies, busted my ass to get where I'm at. I grew up in Mississippi from a family where most people didn't finish high school. My dad never saw me play one baseball game growing up because he worked 80 hours as a welder to save money to help whatever way he could to help me go to college. I also was on food stamps and even homeless for a 8 week period. In college (got a full ride scholarship) I played baseball and busted my ass in 2 jobs to pay for my flight training. In my airline, I paid my dues also. I also have an ALPA battle star. So what you're saying is because I'm only 36 I should shut up and deal with it? I say HELL no! I am just entitled to my upgrade as the next person. I've been at my major airline for 9 years. I should've upgraded 2 years ago. Yet I fly with guys who are 63 who are talking about their new boat or new house on the lake. I am blessed to be at a great airline making good pay. But I should be making more as a captain...helping the same dad who busted his ass to get me out of hell and to help me succeed! So...are there guys who have been screwed out there? Yes! But don't be so self centered to think that just because we are younger we aren't entitled to what we deserve. That is such a selfish and elitist thing to say.
This pretty is pretty typical of the argument the anti 65 crowd makes. Thousands of pilots had their pensions stolen with little warning and at an age were it's impossible to save enough in DC plan to make it up. The retirement plans for most we're changed to DC plans that favor younger pilots. Younger pilots now have the option of working to age 65 if they want and every year later in their career means huge gains to their DC plan.
Yet you are incensed that you didn't upgrade after 7 years with your company and had to spend an extra few years in the right seat. That sounds pretty "selfish and elitist " to me. Let a guy at 59 be kicked to the street (and denied Social Security till he is 62) just after his pension has been stolen rather than wait a couple years to upgrade. Amazing.
Dan: As I have said before, all anyone has to do is open Flying the Line and start reading any page. Throughout that book your generation fumbles and fights through all sorts of issues that by today's standards would be non events. In a far less desperate time, you're generation barely made it to the airport. You are not even close to the hero you imagine you are. Your generation could not have handled this at all.
Btw: This guy can't take SS until 67. Since that's a full 50% of the argue net you made in your post, does that change your mind at all? I think I already know the answer...
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Never heard anything about the min. age for SS being raised to 67? It increases then, but far as I know it's still 62. But if it had been increased to 67 I would say all the more important to allow someone to work till they are 65.
Anyone that thinks lumping any one generation as all good or all bad always misses the fact that their are good people from every generation. Angry unhappy people always define themselves with their opinions more than the people they are throwing stones at.
Yes I did miss your point. Your saying some guy retires at 65 and he has to wait till he is 67 to start collecting SS?
Interesting with the new retirement age 65 it seems like a lot more go out early. 62 is a common age, but the bottom line is, I'm guessing more go out between 60 to 65 then use to go out between 55 to 60. Not only do the younger pilots have DC plans that can't be taken from them and the power of compound interest on their side, but they may benefit from a higher rate of early retirements taken by the 60 to 65 pilots.
I'm still trying to figure out how you think someone has to wait till 67 to collect SS or how you could think that the age 65 rule isn't more fair because it at least allows someone to fly till they can collect SS. Also Medicare for those airlines that don't pay for medical when you retire.
Interesting with the new retirement age 65 it seems like a lot more go out early by choice, 62 is a common age, but the bottom line is, I'm guessing more go out between 60 to 65 then use to go out between 55 to 60. Not only do the younger pilots have DC plans that can't be taken from them and the power of compound interest on their side, but they may benefit from a higher rate of early retirements taken by the 60 to 65 pilots.
The power of interest, all 0.0001% apr these days.
I've got cancer right now; already had an operation and am waiting on radiation therapy. Odds are good that I'll fully recover and fly again. My wife's classified as a wounded warrior due to injuries in Iraq and is undergoing Medical Evaluation Board where she will either be medically retired from the Air Force or separated without retirement. She will not be able to work in the civilian world due to her injuries. I have to help her get dressed and undressed daily.
?
Dan: Did the Akaka Bill ever get passed? The pre 65 effort to get full PBGC benefits for retired pilots who didn't make the cutoff.
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Andy, with all due respect you are making a point why the opportunity to fly to 65 was the right thing to do. As your post points out, anything can happen to anybody at anytime. In the course of a career no one is immune from bad luck that can devastate their life or finances. Many many really good people need to work longer for 1000's of various reasons. Good on you that you can go out at 60. (Unless you want to be pathologically hypocritical, which I don't think you are) but really difficult things can happen to anyone. Your challenges should open your eyes that their is lot more important things the a couple extra years of seniority and should put in perspective that their are plenty of pilots that aren't "guilty of poor planning and should have known better".
I mean really, elsewhere on here we've got some guy who didn't 't upgrade at SWA after 7 years screaming he is a victim when 1000's of upper 50's pilots have been totally screwed and many of them have stories more tragic than yours. But the simple fact is life's full of ups and downs and age 65 helps a lot more people than it hurts. It just created more opportunity for more pilots to better deal with whatever life throws at them.
Godspeed and best of luck to you and your wife.
Dan, any airline pilot in the last 50 years that was or is counting on a defined benefit plan is dumber than a box of rocks. Pull up a list of defunct airlines. Do a google search of that airline adding 'PBGC'. Note that all of those defined benefit plans got taken over by the PBGC.
A pilot losing his defined benefit plan to the PBGC is NOT something new that happened after 9/11; it's happened for a very long time.
Any airline pilot who wasn't/isn't maxing out his IRA and setting aside a minimum of an additional 10% of their salary is not very bright and is one of the poorest excuses for raising the retirement age that I've ever heard.
Every pilot out there should know that (s)he needs to live well below their current income level because no one is immune to having something bad happen to them. I don't excuse any pilot for not saving a large percentage of their income until they have a net worth in excess of $1 million. And in today's low interest environment, that number needs to be closer to $2 million net worth. Until then, they shouldn't be buying planes, boats, motorcycles, second houses, second wives, or any other toys. It's that simple.
In this business, one bad CEO and senior management can wreck an airline. If a second bad management team follows, the company will usually find itself in chapter 11. A third bad management team in a row and it's chapter 7. All of that can happen to ANY airline in less than a decade.
This kind of data, more than anything else, could stop the age 67 consideration.I've been at CAL for 8 years now. During this time period I can recall 3 inflight deaths, 4 inflight heart attacks( survived) requiring diversion, and 5 deaths while on a layover. One guy died in the line at customs in sjo (this same guy got revived in the jetway in EWR only 2 years prior after suffering a major heart attack, he was 62 when he passed. Of the inflight deaths, the pilots ages were 59, 61, and 63(almost 64). Food for thought.