Retirement at age 70
#211
And back when the limit was 60, lots of people said they were leaving at 57 or so, but they almost never did. I think it’s just a more emphatic way to beef about the job, with little risk.
#212
Gets Weekends Off
Joined APC: Oct 2012
Position: 737 FO
Posts: 328
I don’t blame guys who stay as long as they can. At the top of the seniority list and with tons of sick/vacation time, this becomes about be highest paying part time job there is. If you’re a widebody captain with a lot of sick/vacation time, you can probably work it to fly around 2 trips/month...
#213
I don’t blame guys who stay as long as they can. At the top of the seniority list and with tons of sick/vacation time, this becomes about be highest paying part time job there is. If you’re a widebody captain with a lot of sick/vacation time, you can probably work it to fly around 2 trips/month...
The few 60+ guys I've flown with give the impression they could hang it up any time they felt the urge.
#214
Gets Weekends Off
Joined APC: Dec 2007
Position: Window seat
Posts: 5,205
But staying here past 65? The value of staying is over $600,000 a year for a G4 Captain (pay, retirement savings growth, medical<minor in the big picture).
If you're senior enough you can drop to 8 months of a trip a month, and four months of 3 trips a month, would generate $140-160K a year for a G4 CA. G4 FO would be $100-110K. Add in 401K payments and you're doing ok. The downside is you're not earning your A fund. For the more senior guys that's a significant amount ($30-50K), for the junior guys it's less of a loss.
The guy getting the corporate job might do it in a heartbeat. Who knows how many of them exist? IDK. For others it wouldn't matter and they'd retire regardless and for some it might be a month by month, or even day by day, decision.
#215
Yeah, for many of those guys it's more of a hobby. Why retire and pay to fly your own light twin when you can fly the company not-so-light twin, when you feel like it and get paid hundreds of grand to do it.
The few 60+ guys I've flown with give the impression they could hang it up any time they felt the urge.
The few 60+ guys I've flown with give the impression they could hang it up any time they felt the urge.
This is Captain G4XYZ, I am calling in sick for flight 1 today JFK to LHR.
Okay, sorry you are sick. Any idea when you will be well enough to fly?
Never.
Sounds serious. You need me to cancel the rest of your flights?
Yes, I am sick of flying as an airline pilot. Just came over me when I got up today. Send the retirement papers to my house.
Hmmmm...
#218
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
I don’t blame guys who stay as long as they can. At the top of the seniority list and with tons of sick/vacation time, this becomes about be highest paying part time job there is. If you’re a widebody captain with a lot of sick/vacation time, you can probably work it to fly around 2 trips/month...
#219
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
#220
That's a very good point. Above age 60, it gets easier every day to qualify for LTD. Subjective conditions which would not be plausible at age 30 are more or less expected by age 60+
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