If you read my post you see I started it with: "As far as the company's liabilities go...." So I was taking about the company's cost only. I'll try to be more clear:

An over 60-year old with over 25-years at the company, cost the company 130K less per year then a 59-year old doing the same job.

The company is making out on this TA by motivating guys to work until 65. The company saves 650K over those 5-years and in exchange they payout up to half of their already earned DSA!!!! The Company will be handing out some big management bonus over the next 6 years for this TA.

The company could have paid out 50% of the lost pension of 650K that was not taken between 60 and 65, and still been way ahead!!! I'm buying more FedEx stock because pilots....well, we dumb.