View Single Post
Old 04-11-2010 | 03:59 PM
  #33880  
JobHopper
Gets Weekends Off
 
Joined: Jan 2009
Posts: 326
Likes: 0
From: Nice while it lasted
Default

Originally Posted by shiznit
I disagree. (and I am pretty darn junior). High payrates on the biggest metal is a great idea when everybody will get to spend the last 3-5 years as a captain on said metal, AND IF YOU HAVE PENSIONS BASED ON FAE....

We have retirements based on % of earnings now. As such, I would MUCH rather see higher payrates SOONER(and end up flatter later) rather than make up for it with trying to top out high late so I can take advantage of compounding and have a better retirement.

It goes back to career earnings, not earnings at the end of the career.
You know, I hadn't actually thought of this, but you are 100% correct. Retirements used to be based on that magical 5 year FAE, but no more. The big money now, like you said, is more income earlier.

Million dollar question: Could this pilot group adopt such a radical paradigm shift?