Quote:
Some won the lottery, some got to pay for the other's lottery winnings.
Some think that is now all water over the dam.
That is incorrect.
The age 60 rule is still adversely affecting all those currently less than 60.
Quite a large number of pilots are 'retirement eligible (over 60)' and quite a few of these are in the left seat of the 777.
The company's only choice is to carry more pilots than needed in order to be able to respond to a rush on retirements.
Some will contend that is just a cost the company has to endure, but the real answer is the company passes those costs on to us.
This is done with reduced BLG, and possibly an unneeded entry into 4a2b.
We all earn less each month, just so the over 60 guys can retire at their whim.
Solution:
Keep the current full retirement age of 60 in effect, but install a requirement to give the company a fair notice of retirement date, say 1 year.
The current contract provides for retirement before age 60, but with a penalty of 3% per year for doing so.
That should also be the penalty for retiring between 60 and 65 without giving the company a 12 month notice.
This is not taking money or flexibility away from the over 60 pilot, just adding a requirement to plan your retirement a little ahead of time. (more specifically, a disincentive to jump ship without giving proper notice)
What we all gain is a healthier company with more BLG and more money in our pockets each month while we wait for our turn to retire.
I know this will never even get considered, as ALPA is pretty much a 'senior guys take theirs and screw the junior guys' organization.
Junior guys:
Do you think the flexibility to retire at 60 will still be there when you get there?
Do you think the defined benefit will still be around when you get there?
I hope the answer to both of those is yes, but making this change will first, put money in your pocket every month between now and when you retire, and second, make the current age of 60 less painful to the company, which will make them pushing for a hard 65 less likely between now and when you get to choose your retirement age.
Standing by for the full frontal assault on this subject (and of course working feverishly to upgrade my Mac to MtLion and fix FXeGrid!)
Cheers
appDude
"Burp"...........Originally Posted by appDude
The age 60 rule has had a different affect on different parts of our pilot group.Some won the lottery, some got to pay for the other's lottery winnings.
Some think that is now all water over the dam.
That is incorrect.
The age 60 rule is still adversely affecting all those currently less than 60.
Quite a large number of pilots are 'retirement eligible (over 60)' and quite a few of these are in the left seat of the 777.
The company's only choice is to carry more pilots than needed in order to be able to respond to a rush on retirements.
Some will contend that is just a cost the company has to endure, but the real answer is the company passes those costs on to us.
This is done with reduced BLG, and possibly an unneeded entry into 4a2b.
We all earn less each month, just so the over 60 guys can retire at their whim.
Solution:
Keep the current full retirement age of 60 in effect, but install a requirement to give the company a fair notice of retirement date, say 1 year.
The current contract provides for retirement before age 60, but with a penalty of 3% per year for doing so.
That should also be the penalty for retiring between 60 and 65 without giving the company a 12 month notice.
This is not taking money or flexibility away from the over 60 pilot, just adding a requirement to plan your retirement a little ahead of time. (more specifically, a disincentive to jump ship without giving proper notice)
What we all gain is a healthier company with more BLG and more money in our pockets each month while we wait for our turn to retire.
I know this will never even get considered, as ALPA is pretty much a 'senior guys take theirs and screw the junior guys' organization.
Junior guys:
Do you think the flexibility to retire at 60 will still be there when you get there?
Do you think the defined benefit will still be around when you get there?
I hope the answer to both of those is yes, but making this change will first, put money in your pocket every month between now and when you retire, and second, make the current age of 60 less painful to the company, which will make them pushing for a hard 65 less likely between now and when you get to choose your retirement age.
Standing by for the full frontal assault on this subject (and of course working feverishly to upgrade my Mac to MtLion and fix FXeGrid!)
Cheers
appDude