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Old 04-22-2009 | 10:16 PM
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TPROP4ever
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Default Age 65 question??

Ok, we are all aware that a while back they raised the mandatory retirement age to 65 to stem the lack of pilots in a booming industry. I remember talking to some guys that fell into the category that allowed them to stay onboard till 65, and some of them seemed upset that they had planned to retire at 60 with full benefits ( I have to assume that most of those guys were under older pension type retirment funds??), but now couldnt retire at 60 because it would cause them to only qualify for partial retirment thus forcing them to work five more years to get full benefits. If this is true, shouldnt some companys looking at a severely shrinking market be looking at trying to repeal this, allowing some of these guys to go ahead and retire at full benefits, and in turn saving the money they spend on higher end salaries. Im simply looking to see if any of the tween 60 and 65 guys can confirm or deny any of this, it is just something that has popped into my mind during all the uncertain times in this industry. I am not by any means against staying till 65, as I will be there some day too, Im just wondering if some of these pilots feel they would have been better off if 65 had never happened, and if so would less under 65 guys be on the street. I welcome any rational opinions on this subject.
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