Well, you base your assumption on everyone working till 65. Unless the company changes it's corporate retirement age to 65 (it's currently 60, just like ours) and manages to get FDX ALPA to change it to 65 in the next CBA, I don't think that's the case. We already have guys retiring early, taking a penalty. Unless the CBA changes, I still see guys retiring in their late 50s. I'm considering staying over 60, but only to get the 3 1/2 years I need for a full retirement, so I'll be out of here at 63 1/2, so you FOs can only blame me for that much extra seat time. Of course, that assumes this old senile pilot can still get a Class 1, or I'll have to spend my last years in an FO seat.

BTW - Tony, excellent post!