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Old 03-14-2020 | 11:53 PM
  #14  
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Originally Posted by BlueSkies
Wow. I still can't believe I'd never heard about that. Crazy.
It was a time when things looked bleak and pilots over 50 vested in the retirement plan could take a lump sum of 1/2 the present value of their lifetime annuity so they did before that door closed. It resulted in many pilots of certain fleets leaving simultaneously which made the company/union work out a temp plan to let them fly (in retired status) until replacements could be trained.
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