Cut off Age
12-26-2018 | 07:02 AM
#3
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From: Engines Turn or People Swim
Typically you need ten years to retire with flight benefits.
For a pension or medical benefits, for the few that still have them, it would be specific to the company.
How much time do you need to make it worthwhile? If you're gainfully employed, probably 10-15 years. Maybe less if you want money more than QOL. Maybe way less if you just want to punch a bucket list ticket. Heard of guys getting hired at age 63.
For a pension or medical benefits, for the few that still have them, it would be specific to the company.
How much time do you need to make it worthwhile? If you're gainfully employed, probably 10-15 years. Maybe less if you want money more than QOL. Maybe way less if you just want to punch a bucket list ticket. Heard of guys getting hired at age 63.
12-26-2018 | 07:13 AM
#4
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Remember...
The industry is more than just "airlines" if you want to be a working pilot.
Many 2nd career guys work in cargo because many companies are non-union, giving a person without time to climb a seniority list a chance to advance based more on merit.
Similarity corporate (most fractionals, not all have Unions) is the same way.... Same again for part 91 private owners.
Money at the TOP end of the airlines are good/great, but at the lower/middle parts, other parts surpass or match the "airlines".....so if you have less than 10 at a major, the lack of QOL, largely due to lack of seniority, might not make sense.
And a note..
Many international contracts for part 121 DO have a hard age cut off...
The industry is more than just "airlines" if you want to be a working pilot.
Many 2nd career guys work in cargo because many companies are non-union, giving a person without time to climb a seniority list a chance to advance based more on merit.
Similarity corporate (most fractionals, not all have Unions) is the same way.... Same again for part 91 private owners.
Money at the TOP end of the airlines are good/great, but at the lower/middle parts, other parts surpass or match the "airlines".....so if you have less than 10 at a major, the lack of QOL, largely due to lack of seniority, might not make sense.
And a note..
Many international contracts for part 121 DO have a hard age cut off...
12-26-2018 | 08:35 AM
#5
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From: Engines Turn or People Swim
Right now most of the better majors get their FOs to $200k pretty quickly, like within two years at many.
Seniority and unions are mostly to your benefit, you'll earn more and work less in the long run. At some smaller non airline operations a hard charger can get ahead faster, but for most of those the top end will be lower than airlines. Airline pay is limited by revenue, corporate pay is limited by how much the boss is willing to pay, or how willing he is to go cheaper. That later might work in your favor while pilots are in demand.
Seniority and unions are mostly to your benefit, you'll earn more and work less in the long run. At some smaller non airline operations a hard charger can get ahead faster, but for most of those the top end will be lower than airlines. Airline pay is limited by revenue, corporate pay is limited by how much the boss is willing to pay, or how willing he is to go cheaper. That later might work in your favor while pilots are in demand.
12-26-2018 | 09:00 AM
#6
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One threat, I believe it was at AA, it was mentioned you´ll need 15 years at the company to be able to carry over your health insurance into retirement. I might have possibly misunderstood the post and was just wondering what would happen then, past 65. No health insurance at all or Obama care if still available. Quite a fall if true.
-------- [MENTION=9507]Rickair[/MENTION]7777
Is your profile picture real? If yes, how did it happen? Lightning strike? Must have been a horrible experience.
-------- [MENTION=9507]Rickair[/MENTION]7777
Is your profile picture real? If yes, how did it happen? Lightning strike? Must have been a horrible experience.
12-30-2018 | 02:31 AM
#8
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From: Gulfstream Driver
Participant cost is 80% for fewer than 20 years of service, 20-25 years of service participant cost is 60% and over 25 years of service participant cost is 40%. Typically an over 25 years of service pilot will have a Retiree Health Account (RHA) VEBA account, UPA section 24-G, worth six figures to make the participants portion of the payment.
Last edited by Shemya; 12-30-2018 at 02:40 AM. Reason: Additional info
12-30-2018 | 08:40 AM
#9
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From: Engines Turn or People Swim
No it's stock photo you can pick as an APC avatar. I'm pretty sure it was staged intentionally, with backup chutes. I had some interesting experiences jumping in the military but nothing quite like that...
12-31-2018 | 09:25 AM
#10
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I was just wondering if there is a specific age range the airlines are looking for, specifically in regard to the numbers of pilots retiring within the next couple of years. What would be the latest age one could still build up a decent seniority?
Probably too difficult to answer...
Probably too difficult to answer...
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