Originally Posted by
Clearedtocross
You are saying that you lost progression because of a previous age change, but then recommend another one to fix it. For you.
This imposes the same problem on the next group, right? The stagnation of waiting to move to a bigger airplane or make Captain will cost the majority of pilots more than they can make up by working an extra 2 years. This only benefits the pilots who are at top scale and/or approaching 65.
Exactly. Waiting 2 years for that upgrade, etc means you lose the time value of that money in your 401k, investment account etc. So you want 10 more years to get that last "2 more years" and it doesn't make up for losing out on income from 10 years ago.
But if you are 62+ you don't really care because all you see is a couple more years making $500k and if you are on LTD and you have no intention of coming back, you certainly want the age changed so you can collect $15k a month for another 2 years tax free.
I honestly think the Age 67 crowd doesn't really want to fly 2 more years. They are hoping for some buyout since they can't keep flying international or they plan on going on LTD instead of going from a WB back to a 737 to fly 8 leg 3 day trips in a domestic only category. One pilot I talked to said if he could not fly International he'd just bid back to 757 on the west coast and fly 2 day Hawaii trips for his last 2 years. Well that means some pilot currently doing that would be knocked out of those trips and back to all-nighters or some other less desirable flying.