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retirements (Real world) vs age 65..

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Old 11-06-2012 | 05:38 AM
  #11  
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Originally Posted by buzzpat
That's not fair. They "don't got theirs" anymore. It's gone. And it was never "yours." It was "theirs" and it was taken away. If "you" were "they" I think you'd get "it."
I think if I made the modern day equivalent of $300,000/year for a decade or more I'd have my own retirement sewn up and house paid for.

If you want to pretend everyone over 60 still flying is doing it to make ends meet then so be it. The rest of us have flown with enough of them to see pictures of their boats and vacation houses.
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Old 11-06-2012 | 06:16 AM
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Originally Posted by Timbo
I've not seen any over age 60 guys dropping dead, or going out on a medical, in the past 5 years. I'm sure there are a few, but not too many. Seems they all quit smoking years ago and are taking better care of themselves.

If they are 'holding out to 65', it's only because if their company went bankrupt, they have very little money to retire on.

If you fly till you die, you don't need a retirement
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Old 11-06-2012 | 06:50 AM
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Originally Posted by buzzpat
That's not fair. They "don't got theirs" anymore. It's gone. And it was never "yours." It was "theirs" and it was taken away. If "you" were "they" I think you'd get "it."
whatever brother. Just get out my seat.

Sled
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Old 11-06-2012 | 07:04 AM
  #14  
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Originally Posted by buzzpat
That's not fair. They "don't got theirs" anymore. It's gone. And it was never "yours." It was "theirs" and it was taken away. If "you" were "they" I think you'd get "it."
This can of worms again? They benefitted from rapid advancement as guys senior to them got the boot at age 60. Instant 5 year seniority stall when the law changed.

I've flown with too many oldsters who made really bad choices in their life. "Yeah I put $350,000 into a Yoga franchise and lost it all. That's why I'm flying 85 a month and they'll have to drag me kicking and screaming from this cockpit."

Way to go, dude.
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Old 11-06-2012 | 07:20 AM
  #15  
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Everyone, sing along!

"Old and in the way, that's what I heard them say, they used to heed the words he said, but that was yesterday.

Gold will turn to grey, and youth will fade away, they'll never care about you, 'cause you're old and in the way."

http://www.youtube.com/watch?v=rYETHsxAv8c

Where'd I put my damn banjo??
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Old 11-06-2012 | 09:47 AM
  #16  
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rofl! @ yoga franchise
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Old 11-06-2012 | 10:21 AM
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Originally Posted by 80ktsClamp

The overall average retirement age is not reliable as we have had 3 early out programs.

Any attempts to translate what we've had into valid data are off base and subject to wide margin of error.
And if the company continues to offer early out incentive programs on an annual basis? What do you consider a wide margin of error? 2 years and 5 months sounds like a standard deviation or so. And it's also the maximum upper limit.

Point: Not everyone is going until 65. Period.

In addition - retirements aren't the only reason people leave the seniority list. Natural attrition in non-early out months is approximately 6 a month at Delta.
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Old 11-06-2012 | 09:26 PM
  #18  
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Originally Posted by SailorJerry
And if the company continues to offer early out incentive programs on an annual basis? What do you consider a wide margin of error? 2 years and 5 months sounds like a standard deviation or so. And it's also the maximum upper limit.

Point: Not everyone is going until 65. Period.

In addition - retirements aren't the only reason people leave the seniority list. Natural attrition in non-early out months is approximately 6 a month at Delta.
If they continue to do offer annual early outs (as i hope they do), then you would be correct.

Your point is correct- there's no arguing that and I hope I didn't give you the impression that I was asserting that. However, we don't have a valid statistical base on who actually are making it to 65 due to the early outs.

Make sense?
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Old 11-07-2012 | 07:04 AM
  #19  
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The real question should be at what age is the average normal retirement age not artificially lowered by medical outs.
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Old 11-07-2012 | 08:56 AM
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Originally Posted by 80ktsClamp

If they continue to do offer annual early outs (as i hope they do), then you would be correct.

Your point is correct- there's no arguing that and I hope I didn't give you the impression that I was asserting that. However, we don't have a valid statistical base on who actually are making it to 65 due to the early outs.

Make sense?
I'm right and you're wrong? Kidding. I'll play with the numbers later if I can, and I get that bored. DALPA's magic number came from somewhere but ultimately time going forward will tell, otherwise people would be leaving like crazy. I expect 100 to go next spring if there isn't any talk of another early out and the economy doesn't collapse.
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