Originally Posted by Busboy

Assuming you retire at age 60:

With our current A plan, for every year you defer taking your benefits, your defined benefit increases 8-9%. Waiting until age 61 to receive your $130K pension would give you $141K. If you wait until age 62, $153K, etc.

I'm assuming that is based on some actuarial table. Less time to collect should reward you with a higher benefit, right?

Now, I'm not advocating staying...But, why is it that if you choose to continue working past age 60, your benefits don't increase by that same amount? With many pilots now choosing to stay past 60, that would seem to be quite a windfall for the company.