Originally Posted by
Thor
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
63 will gross $488,500
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. So if the assumption is take the early out at 57 and only get the 58 hours for 24 months (same as the 63 year old) would you really want income to stop 6 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.
good post.
all they have to do is next summer re-offer to those 63+. There will be a whole nother batch in that age group and a whole nother batch at 62.