Originally Posted by
nene
Right, and the corporations know that if/when you don't pass your 1st class, they would now be on the hook till 65 for LTD benefits. I've never heard of anyone on LTD who retired early.
They'll be on the hook until whatever the new retirement age is (67?), assuming that's how CBA's are written (or amended).
That's the downside for the airlines. It's long-term and won't go away.
The upside is that it delays the retirement bubble, giving them more time to do the planning they should have done ten years ago. That's a temporary problem, no matter how painful.