Who Here is Actively looking to get out?
10-11-2010, 08:36 AM
#251
Self Employed.
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Flightdeck = Cubicle
Oh yea, and the boss is only inches away micromanaging your every move and word.
Skyhigh
10-11-2010, 08:48 AM
#252
Gets Weekends Off
Joined APC: Apr 2007
Posts: 456
Whether inches away or down the hallway, they are still watching my every move over the network connection. =) And if I go to the bathroom, I have at least a few people by the time I get back asking where I am/was as well as unread emails and voicemails waiting for me to cringe over...
10-11-2010, 10:54 AM
#254
Gets Weekends Off
Joined APC: Apr 2007
Posts: 456
10-11-2010, 11:58 AM
#255
Self Employed.
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Awesome
Skyhigh
Last edited by SkyHigh; 10-11-2010 at 12:30 PM.
10-19-2010, 07:07 AM
#256
Self Employed.
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
NBC News
I saw a story in the Nightly News on Sunday about a police officer from Yonkers NY who was able to retire at 44 years of age on a retirement pension of $101,000 per year.
He said that he wanted to spend more time at home with the kids. Everyone else has to work until 67 to retire (if they are lucky enough that is). This guy will get an additional 23 years of life on his own terms.
Most pilots would be lucky to be a new hire at their dream legacy by 44 and this street cop is fully retired on a near captains salary. Not bad.
Skyhigh
He said that he wanted to spend more time at home with the kids. Everyone else has to work until 67 to retire (if they are lucky enough that is). This guy will get an additional 23 years of life on his own terms.
Most pilots would be lucky to be a new hire at their dream legacy by 44 and this street cop is fully retired on a near captains salary. Not bad.
Skyhigh
10-19-2010, 07:42 AM
#257
Gets Weekends Off
Joined APC: Mar 2008
Position: FAA 'Flight Check'
Posts: 13,837
I saw a story in the Nightly News on Sunday about a police officer from Yonkers NY who was able to retire at 44 years of age on a retirement pension of $101,000 per year.
He said that he wanted to spend more time at home with the kids. Everyone else has to work until 67 to retire (if they are lucky enough that is). This guy will get an additional 23 years of life on his own terms.
Most pilots would be lucky to be a new hire at their dream legacy by 44 and this street cop is fully retired on a near captains salary. Not bad.
Skyhigh
He said that he wanted to spend more time at home with the kids. Everyone else has to work until 67 to retire (if they are lucky enough that is). This guy will get an additional 23 years of life on his own terms.
Most pilots would be lucky to be a new hire at their dream legacy by 44 and this street cop is fully retired on a near captains salary. Not bad.
Skyhigh
Even if joining the force at 18 years of age - that is only 26 years of service.
One of the best retirement plans around is still the military and they only get (at best) 50% of BASIC pay at your average of top three, after a standard 20 year length of service. It gets better the longer you stay of course. There is hardly a rank/job in the military that makes more than $200,000/year (see exception from DFAS below)
Notes:
1. Basic pay for an O-7 to O-10 is limited by Level II of the Executive Schedule which is $14,975.10. Basic pay for O-6 and below is limited by Level V of the Executive Schedule
which is $12,141.60.
2. While serving as Chairman, Joint Chief of Staff/Vice Chairman, Joint Chief of Staff, Chief of Navy Operations, Commandant of the Marine Corps, Army/Air Force Chief of Staff,
Commander of a unified or specified combatant command, basic pay is $19,983.60. (See note 1 above).
Unless this police officer from Yonkers, NY is pulling down as much as a 4 star Combatant Commander/Service Chief - I just don't see this happening.
If this is the case - and the facts are as simple as Sky is making them out to be (meaning join the Yonkers Police Department and spend 26 years as a policeman and then retire with a $101,000/yr pension), then like Sky - I encourage EVERYONE to join the Police Department!!
Unfortunately - I think that there might be a misrepresentation / oversimplification of the case here by NBC Nightly News.
USMCFLYR
If this is the case - and the facts are as simple as Sky is making them out to be (meaning join the Yonkers Police Department and spend 26 years as a policeman and then retire with a $101,000/yr pension), then like Sky - I encourage EVERYONE to join the Police Department!!
Unfortunately - I think that there might be a misrepresentation / oversimplification of the case here by NBC Nightly News.
USMCFLYR
Last edited by USMCFLYR; 10-19-2010 at 08:05 AM.
10-19-2010, 07:51 AM
#258
Gets Weekends Off
Joined APC: Jan 2010
Posts: 327
http://www.nytimes.com/2010/05/21/bu...21pension.html
10-19-2010, 08:03 AM
#259
Gets Weekends Off
Joined APC: Mar 2008
Position: FAA 'Flight Check'
Posts: 13,837
I don't think so. Check the link... its happening. Seems these guys inflate their salaries through overtime when approaching retirement. The pension number is then based on salary including the overtime. But I don't think that means everyone should join the police department. Or the military for that matter. Just enjoy what you do.
http://www.nytimes.com/2010/05/21/bu...21pension.html
http://www.nytimes.com/2010/05/21/bu...21pension.html
And it sounds like the ability for others to do this might soon end with the introduction of laws to curb this type of pension.
Despite a pension investigation by the New York attorney general, an audit concluding that some police officers in the city broke overtime rules to increase their payouts and the mayor’s statements that future pensions should be based on regular pay, not overtime, these practices persist in Yonkers.
That was my point.
To make a comparison - that would be like me telling someone that they too will make $200,000+ in the military without telling them that they will more than likely have to spend 30+ years and make the 4 star rank in order to achieve it. Some will....but itcertainly isn't something you should hold out there as the norm anymore than some hold out that making a nice 6 figure income in the majors isn't the NORM.
Thanks for the link though AKASHA. It is an interesting story and so long as no laws were broke - I appauld the guy's ability to maximize his pension; though again I wouldn't doubt if that loophole isn't closed rather quickly!
USMCFLYR
Last edited by USMCFLYR; 10-20-2010 at 04:10 AM.
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