Age 67 bill
01-02-2023 | 05:00 PM
#31
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Joined: Dec 2013
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IDK, $500K - $1+M depending on what/how much you fly seems like a decent "catch up".
01-02-2023 | 05:05 PM
#32
Gets Weekends Off
Joined: Nov 2020
Posts: 2,906
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From: Enoch Powell Enthusiast
But if you were in that situation already (Zero debt, tax write offs due to numerous rentals, small business ownerships, etc), you wouldn't be in this scenario at age 65 anyway.
You can't stop smoking with a Stage IV lung cancer diagnosis and hope to survive.
Retirement is the same way. It takes decades of living below your means.
"The "D**do" of consequences for your actions rarely arrives lubed."
01-02-2023 | 05:06 PM
#33
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Joined: Apr 2018
Posts: 4,095
Likes: 458
01-02-2023 | 05:43 PM
#34
Can’t find crew pickup
Joined: Jun 2021
Posts: 3,037
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I’m here because I like my money in my own name. And I don’t plan on being here at 65, much less 67. And neither do I support it.
Take your condescending boohoo and shove it.
01-02-2023 | 06:04 PM
#35
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Joined: Feb 2022
Posts: 473
Likes: 5
SS is not a retirement plan. The old age insurance afforded through SS was originally set for an age beyond life expectancy.
01-02-2023 | 08:00 PM
#36
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Joined: Apr 2018
Posts: 4,095
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Um, pretty sure you read WAY too much into what I posted. The argument being floated is we don’t get SS until 67 and we are forced to retire. I merely pointed out that the other 2 jobs used as an example of others being forced to retire had pensions.
I’m here because I like my money in my own name. And I don’t plan on being here at 65, much less 67. And neither do I support it.
Take your condescending boohoo and shove it.
I’m here because I like my money in my own name. And I don’t plan on being here at 65, much less 67. And neither do I support it.
Take your condescending boohoo and shove it.
01-02-2023 | 08:05 PM
#37
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Joined: Oct 2009
Posts: 3,108
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Like most of you I’m opposed.
The facts are that the pilot pool is not adequate.
By summer Delta and United will be hiring 1500 hour pilots.
Tier 2 carriers will be unable to grow and some will have to shrink.
Delta is printing money and will grow as fast as possible. United is growing twice as fast.
The regionals are in a free fall and service to small towns will suffer in a big way. Guess who they complain to?
Cities like Toledo, Ohio have completely lost commercial air service.
Congress has no choice but to raise the age.
The facts are that the pilot pool is not adequate.
By summer Delta and United will be hiring 1500 hour pilots.
Tier 2 carriers will be unable to grow and some will have to shrink.
Delta is printing money and will grow as fast as possible. United is growing twice as fast.
The regionals are in a free fall and service to small towns will suffer in a big way. Guess who they complain to?
Cities like Toledo, Ohio have completely lost commercial air service.
Congress has no choice but to raise the age.
Last edited by gzsg; 01-02-2023 at 08:27 PM.
01-02-2023 | 08:26 PM
#38
Gets Weekends Off
Joined: Nov 2017
Posts: 2,174
Likes: 1
Negotiated by the ATC controller union. Everyone hired pre-age 56 contract was grandfathered in and could work until they stroked out at their screens or died of asbestos poisoning . And those those guys had a defined benefit pension with a COLA, which made sticking around extra-stupid.
(I think age 65 is stupid for pilots, btw. Age 67 is ridiculous.)
(I think age 65 is stupid for pilots, btw. Age 67 is ridiculous.)
Their pension is 1.7% for the first 20 years plus 1% for thereafter of their high 3. They are required to partially fund that pension at 1.3% but they do get a retirement supplement that approximates their social security until they reach 62. They do get a year COLA.
They also get a 5% match into their TSP.
01-02-2023 | 08:32 PM
#39
Gets Weekends Off
Joined: Nov 2016
Posts: 2,558
Likes: 0
Like most of you I’m opposed.
The facts are that the pilot pool is not adequate.
By summer Delta and United will be hiring 1500 hour pilots.
Tier 2 carriers will be unable to grow and some will have to shrink.
Delta is printing money and will grow as fast as possible. United is growing twice as fast.
The regionals are in a free fall and service to small towns will suffer in a big way. Guess who they complain to?
Cities like Toledo, Ohio have completely lose commercial air service.
Congress has no choice but to raise the age.
The facts are that the pilot pool is not adequate.
By summer Delta and United will be hiring 1500 hour pilots.
Tier 2 carriers will be unable to grow and some will have to shrink.
Delta is printing money and will grow as fast as possible. United is growing twice as fast.
The regionals are in a free fall and service to small towns will suffer in a big way. Guess who they complain to?
Cities like Toledo, Ohio have completely lose commercial air service.
Congress has no choice but to raise the age.
01-02-2023 | 10:30 PM
#40
Line Holder
Joined: Dec 2013
Posts: 73
Likes: 0
If your expenses are "zero", and you don't pay taxes, sure. Although a million ain't what is used to be. Flying premium time at that age seems depressing beyond belief.
But if you were in that situation already (Zero debt, tax write offs due to numerous rentals, small business ownerships, etc), you wouldn't be in this scenario at age 65 anyway.
You can't stop smoking with a Stage IV lung cancer diagnosis and hope to survive.
Retirement is the same way. It takes decades of living below your means.
"The "D**do" of consequences for your actions rarely arrives lubed."
But if you were in that situation already (Zero debt, tax write offs due to numerous rentals, small business ownerships, etc), you wouldn't be in this scenario at age 65 anyway.
You can't stop smoking with a Stage IV lung cancer diagnosis and hope to survive.
Retirement is the same way. It takes decades of living below your means.
"The "D**do" of consequences for your actions rarely arrives lubed."
Taxes sure, you're also collecting DC and getting medical insurance.
There are all kinds of reasons to not fly to 67, the money is not one of them.
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