Well, 5 more years in the right seat.

[Flyer8]

Older guys

Which one of the older guys signed the law into effect? I thought the President of the United States did it.. If any one got hosed, it was by the congress and the President..As for why they might stay? Even at our little company, a senior Captain is looking at $700,000.00 in additional salary,Good prices on medical(many of whom have dependents with major health care issues)plus keeping $400,000.00 of life insurance in effect.Not to mention five more years of 401K contributions. At the end of five years,he will be eligible for Medicare and a good social security check. Contrast that with a minimum of $1400-$1600 a month for medical (provided you or a family member has no pre-existing conditions),no social security and only as much life insurance as you can afford. Everyone who has had this law affect them will benefit in the same manner when their time to be old arrives.Just my thoughts on a very sore subject.

 

[OrionFE]

Which one of the older guys signed the law into effect? I thought the President of the United States did it.. If any one got hosed, it was by the congress and the President..As for why they might stay? Even at our little company, a senior Captain is looking at $700,000.00 in additional salary,Good prices on medical(many of whom have dependents with major health care issues)plus keeping $400,000.00 of life insurance in effect.Not to mention five more years of 401K contributions. At the end of five years,he will be eligible for Medicare and a good social security check. Contrast that with a minimum of $1400-$1600 a month for medical (provided you or a family member has no pre-existing conditions),no social security and only as much life insurance as you can afford. Everyone who has had this law affect them will benefit in the same manner when their time to be old arrives.Just my thoughts on a very sore subject.

Good point and well said!

 

[kwick]

Get some medication!

$700k in additional salary? Dude, maybe there's a reason your an F/O.

 

[DC-8_FR8]

$700k in additional salary? Dude, maybe there's a reason your an F/O.

That's $140,000 a year. Seems to be realistic.

 

[b707guy]

$700k in additional salary? Dude, maybe there's a reason your an F/O.

Those are perfectly realistic numbers for our company. And you need to pay more attention to the little notes on the left side of Flyer8's screen, re: F/O reference, an unintentional (I'm sure...) insult.

Back to the subject: We have only a 401(k). Once we retire, the company pays us zero. No incentive to "make" anyone stay until any mandated, fair or not, retirement age. I can live with seniority stagnation. This was going to happen sooner or later. Hopefully, we'll be able to retire by choice at some age when full Social Security benefits become available. A lot of us DON'T want to work to 65, but most of us need to work at least a little past 60 for various reasons. As long as you can pass a check ride and a real physical (i.e, no "walk thrus"), as brought up above.

 

[Flyer8]

Oh My!

Being mistaken for an FO and defended by one of my Captains(thank you) is more than this old Professional Flight Engineer can bear....I swear that if I get even a glimpse of the "big picture", I will retire myself...LOL

 

[Jurassic Jet]

That's $140,000 a year. Seems to be realistic.

Easily.

With some of the open time pigs we have at ABX, 5 more years could easlily earn somebody another $1.5 Million.

Well, I guess I shouldn't say easily. They're gonna fly every day until they drop over dead at 65 years and 1 day old.

 

[b707guy]

Being mistaken for an FO and defended by one of my Captains(thank you) is more than this old Professional Flight Engineer can bear....I swear that if I get even a glimpse of the "big picture", I will retire myself...LOL

Glad to be of assistance!:beer: