Originally Posted by
interceptorpilo
This is simply not true. Federal Law Enforcement Officers must retire by 57. I am sure there are other examples.
Originally Posted by
Planetrain
Forgot Air Traffic Controllers, 56.
Originally Posted by
crewdawg
I'm not for raising the retirement age, but he does bring up a good point. If we're forced by the government to retire at 65, we should be able draw full social security at 65.
Originally Posted by
DeltaboundRedux
Negotiated by the ATC controller union. Everyone hired pre-age 56 contract was grandfathered in and could work until they stroked out at their screens or died of asbestos poisoning . And those those guys had a defined benefit pension with a COLA, which made sticking around extra-stupid.
(I think age 65 is stupid for pilots, btw. Age 67 is ridiculous.)
Originally Posted by
Whoopsmybad
They have a pension, at least federal law enforcement. Not 100% about ATC.
Edit: someone above said it, they have pensions too. Not saying this is a reason to go to 67, but that’s a big difference when you are funding your own retirement.
Air traffic controllers are required to retire by federal law by the age of 56. There are exceptions for those hired before a certain years depending on whether they were dot, dod, or fss. There is also an exemption they can apply for to work until 61 but I’ve never heard of that happening from the few friends I have that are ATC. They can retire with their pension at the age of 50 if and 20 years of service or 25 years of service at any age.
Their pension is 1.7% for the first 20 years plus 1% for thereafter of their high 3. They are required to partially fund that pension at 1.3% but they do get a retirement supplement that approximates their social security until they reach 62. They do get a year COLA.
They also get a 5% match into their TSP.