Here comes age 67
02-23-2015, 05:03 PM
#11
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,091
Originally Posted by Lobaeux
No, neither do I. But, if you live to be 95, which is altogether very possible for most Americans within the next 20 years, you would have 30 years of retirement. I don't care how great an airline retirement is, how much 401K contribution, you're not going to financially survive sitting around for 30 years living off retirement. You'll have to continue work.
Sure, there are stories about the 102 year old who can tie their own shoes and wipe their own ass, but that's such a remote possibility why even talk about it.
As I fly with many older folks, I often think about this. Time is the only thing you can't buy. Enjoy it while you can, and make the most of your life. It could end at any time, we are very fortunate to be doing something we enjoy for a living.
02-23-2015, 05:03 PM
#12
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Joined APC: Sep 2008
Position: B767
Posts: 1,899
Sounds good to me... As long as we incorporate real Medicals and BMI requirements as well.
02-23-2015, 05:04 PM
#13
Banned
Joined APC: May 2012
Posts: 520
Originally Posted by Lobaeux
No, I'm saying that a retirement age of 65 was great, when life expectancy was 70. Life expectancy has gone up, and will dramatically increase within the next 10, 20 and 30 years.
02-23-2015, 05:07 PM
#14
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Joined APC: Jul 2011
Position: Reclining
Posts: 840
Originally Posted by encore
Everyone out there benefited their whole careers from people ahead of them in seniority retiring when they hit age 60. It is a major driver in how this career works and part of our whole seniority based system.
Just because you had a bad roll of the dice doesn't mean it isn't selfish to hit pause for everyone when you're at the top and steal dollars and time from the pilots below you who are playing by the same rules you did your whole career.
It didn't give everyone 5 more years at the top. It gave everyone 5 more years where they were at that moment. For some at the top, many who very self-servingly argued for it, that was a widebody captain position at a major. For many others though, that was as a regional FO, as a flight instructor, as a furloughed pilot. All of whom now had to worry more about supporting their family because someone who didn't financially plan for a bad day decided to steal that from them by changing the rules.
Personally, I don't want to work to 65. But now I HAVE TO in order to get to the position in my career I would've otherwise attained by that age of 60.
Just because you had a bad roll of the dice doesn't mean it isn't selfish to hit pause for everyone when you're at the top and steal dollars and time from the pilots below you who are playing by the same rules you did your whole career.
It didn't give everyone 5 more years at the top. It gave everyone 5 more years where they were at that moment. For some at the top, many who very self-servingly argued for it, that was a widebody captain position at a major. For many others though, that was as a regional FO, as a flight instructor, as a furloughed pilot. All of whom now had to worry more about supporting their family because someone who didn't financially plan for a bad day decided to steal that from them by changing the rules.
Personally, I don't want to work to 65. But now I HAVE TO in order to get to the position in my career I would've otherwise attained by that age of 60.
02-23-2015, 05:07 PM
#15
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Joined APC: Feb 2015
Position: Downward Dog
Posts: 1,877
Actually our kids kids are projected to be the first generation to have a projected shorter life span than the previous generation. Science.
02-23-2015, 05:09 PM
#16
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Joined APC: Jan 2008
Position: 767 FO
Posts: 396
Originally Posted by Lobaeux
Our antiquated ideas about when to retire and a mandatory retirement need to be rethought.
People are living longer, it won't be very long at all before average life expectancy is over 80.
People are living longer, it won't be very long at all before average life expectancy is over 80.
Age 65 was a giant kick in the shorts for an entire generation of pilots who were also dealing with the fallout from 9/11, $140/bbl oil, and a brutal recession.
Last edited by The Duke; 02-23-2015 at 05:34 PM.
02-23-2015, 05:13 PM
#17
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Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
Originally Posted by encore
Everyone out there benefited their whole careers from people ahead of them in seniority retiring when they hit age 60. It is a major driver in how this career works and part of our whole seniority based system.
Just because you had a bad roll of the dice doesn't mean it isn't selfish to hit pause for everyone when you're at the top and steal dollars and time from the pilots below you who are playing by the same rules you did your whole career.
It didn't give everyone 5 more years at the top. It gave everyone 5 more years where they were at that moment. For some at the top, many who very self-servingly argued for it, that was a widebody captain position at a major. For many others though, that was as a regional FO, as a flight instructor, as a furloughed pilot. All of whom now had to worry more about supporting their family because someone who didn't financially plan for a bad day decided to steal that from them by changing the rules.
Personally, I don't want to work to 65. But now I HAVE TO in order to get to the position in my career I would've otherwise attained by that age of 60.
Not only that, but it put a 5 year pause on the pilot supply problem that allowed airlines to get by with 5 more years of sub-par contracts, 5 more years of outsourcing flying to the lowest bidder, etc. It screwed a lot of people from a lot of directions.
Just because you had a bad roll of the dice doesn't mean it isn't selfish to hit pause for everyone when you're at the top and steal dollars and time from the pilots below you who are playing by the same rules you did your whole career.
It didn't give everyone 5 more years at the top. It gave everyone 5 more years where they were at that moment. For some at the top, many who very self-servingly argued for it, that was a widebody captain position at a major. For many others though, that was as a regional FO, as a flight instructor, as a furloughed pilot. All of whom now had to worry more about supporting their family because someone who didn't financially plan for a bad day decided to steal that from them by changing the rules.
Personally, I don't want to work to 65. But now I HAVE TO in order to get to the position in my career I would've otherwise attained by that age of 60.
Not only that, but it put a 5 year pause on the pilot supply problem that allowed airlines to get by with 5 more years of sub-par contracts, 5 more years of outsourcing flying to the lowest bidder, etc. It screwed a lot of people from a lot of directions.
Second, you answered because your career expectations are just as selfish as those you criticize.
Third, I wasn't one of those who lost anything so life didn't give me a "bad roll."
It's life and it's this industry. Buck up and quit whining.
02-23-2015, 05:13 PM
#18
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Joined APC: Nov 2014
Posts: 121
Do you guys know any 70 year olds? I do, and most are falling apart physically. Look at 75 year olds,,,,,way worse.
02-23-2015, 05:22 PM
#19
Line Holder
Joined APC: Dec 2014
Position: A320
Posts: 74
Originally Posted by buzzpat
Just curious...if you were in your 50s, your company declared bankruptcy and your retirement was eliminated, what would you have done? Step aside for the young guys? Or find a way to support your family?
02-23-2015, 05:50 PM
#20
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Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
Originally Posted by 3GRNDWN
To each his own when deciding how long to stay in the work force; but for your family's well-being, don't put all of your retirement eggs in one basket - especially if that basket is an airline. Diversify your retirement savings.
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