Thread: Early Outs
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Old 07-19-2020 | 11:36 AM
  #276  
Thor
You look like a nail
 
Joined: May 2012
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For those *****ing about “why not 57, or 60” I’m sure you know this, but it’s the money.

As an example using WB CA pay:

($351*58)*12 = $244,296

If you use that number and apply it to 57, and 60

8 & 5 years til retirement produces:

57 would gross $1.9M
60 would gross $1.2M
62 will gross $732,888

At some point the the economy recovers and we remember we’re in section 6. If I were the company I’d point at the 8 year early our numbers and cry poor.

If the assumption is take the early out at 57 and only get the 58 hours for 36 months (same as the 62 year old) would you really want income to stop 5 years before you can draw retirement?

if the current LOA ends up fully subscribed, then in the long term everyone benefits. If it’s not fully subscribed, it would be nice to see the ability to offer it to progressively younger pilots. But, it’s the LOA we’ve got.
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