Originally Posted by
rickair7777
Different era, those guys had all just lost their pensions.
I can about assure you that almost none of the guys I fly with will stay past 65... they're mostly ready to go now, 65 is just the finish line emotionally.
62 has the draw of being able to collect early social security.
65 is a big number because one's now covered by Medicare.
67 is full retirement age for social security - it's a draw, but not nearly as large as 65/Medicare.
Not only were pensions lost, but medical coverage in retirement was also severely reduced or eliminated. That significantly incentivized staying to 65.