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-   -   Here's to 12/13/2012! (https://www.airlinepilotforums.com/regional/71337-heres-12-13-2012-a.html)

Avroman 11-25-2012 08:19 AM


Originally Posted by 744driver (Post 1298655)
Disclaimer...I'm not anywhere near 65 (I'm in my 40s).

So, when it is your time to retire, after having been pushed around for all/most our careers, will you retire at 60 and give someone younger a chance?!!

I'm not sure I can afford to retire at 60 and that is the honest truth...whether the rule had changed or not. Please don't lecture me about poor financial planning, blah, blah, blah...

Will you be able to retire at 60? Even if you are ready to retire at 60, will you actually do it because you are done flying? Will you give someone younger a chance at your left seat?

How is that any different for any/all of the guys that have stayed for the additional 5 years...Ask yourselves if you'd make that same decision or not. And please be honest about the answer...I truly don't know if I will go at 60 (the retirement age had not been raised to 65 when I started out), even if I can afford it; there I said it!!

Powerball willing, I'd retire as soon as the chief gets in the office Thursday (I would be on an overnight already, so I couldn't Wednesday night).

Bustin 11-25-2012 08:24 AM

Only in a group of pilots would you find passionate complaints about the government easing a restriction on forcing you to retire... Funny/ironic how in a mostly conservative occupation that attitude is rampant.

nancy33 11-25-2012 08:44 AM


Originally Posted by Rotor2prop (Post 1298661)

Originally Posted by 744driver (Post 1298655)
Disclaimer...I'm not anywhere near 65 (I'm in my 40s).

So, when it is your time to retire, after having been pushed around for all/most our careers, will you retire at 60 and give someone younger a chance?!!

I'm not sure I can afford to retire at 60 and that is the honest truth...whether the rule had changed or not. Please don't lecture me about poor financial planning, blah, blah, blah...

Will you be able to retire at 60? Even if you are ready to retire at 60, will you actually do it because you are done flying? Will you give someone younger a chance at your left seat?

How is that any different for any/all of the guys that have stayed for the additional 5 years...Ask yourselves if you'd make that same decision or not. And please be honest about the answer...I truly don't know if I will go at 60 (the retirement age had not been raised to 65 when I started out), even if I can afford it; there I said it!!


Well personally thats not the question to ask yourself. The correct one would be "Would you push for lobbying to raise the age to 70?" Finances aside no one should work that long! Life is about living and not working. If you spend 3/4 of your life slaving to live 5-10 more years not. WHY? I see people all the time all they talk about is work, work, work!! What about life? Enjoy it while you still can!

My soapbox for the day!

If they do raise it do it as a 1 year increase every 3 years so we don sit for 5 years

etflies 11-25-2012 08:46 AM


Originally Posted by Bustin (Post 1298698)
Only in a group of pilots would you find passionate complaints about the government easing a restriction on forcing you to retire... Funny/ironic how in a mostly conservative occupation that attitude is rampant.

In a world where seniority is everything, having that stagnate for half a decade is a big deal.

As for me, I'm doing everything I can to put myself in a position to retire at 60, or earlier if possible. I love flying but there are far more important things I'd rather do.

xjtguy 11-25-2012 09:16 AM


Originally Posted by usmc-sgt (Post 1298690)
For the guys who were 59 or so, it was a winning lottery ticket.

They were likely wide body captains and for the past ~9 years had "prepared" to retire. They got 5 bonus years at the top of the food chain. Not saying everyone fits that description or even lobbied for it, but it happened.

True. especially for the pilots that work at an airline that STILL had/has a retirement plan in place and went on an FAE formula. Especially if 1) he just recently went into the CA's seat and 2) got a new contract with higher rates. For them, it literally was a "lottery ticket". And chances are, there was a time in their career when the age 60 rule benefited them at some point. Helping them to climb the seniority list at some point. So yes, in the wake of 9/11 they literally had the time to plan for it. Many of them are STILL flying not only for the paycheck, but as had been mentioned, they "screwed up" in some fashion. Can't keep their d1ck in their pants and/or spent so much time chasing this stupid job that their wife and kids won't talk to them. Usually wife number 2 or 3, and set of kids 1 AND 2. And sadly, this job is all they really have.

For the guys that weren't so lucky, had crappy careers and were recycled at various airlines, it truly does suck. IE; Pan Am, Braniff, TWA, Eastern, etc etc etc. They really didn't have a chance to plan/recoup the losses they sustained when the company went t1ts up, only to go the bottom at another company, only to watch their pension plan terminated, etc.

Could you imagine being 40-50 years old, getting furloughed, kids are about to start college, and you're dealing with the joy of trying to start over at another airline. All in the process burning whatever savings you've accumulated to that point, if any. Being 50 years old, that eventual six figure income really isn't jack squat.

Has a legacy JS'er yesterday, it's his SIXTH airline. Hanging on on the bottom of the list on narrow body equipment. Didn't make it to the legacy till he was 40. Which means he's in his mid 50's now. He's maxed out on the pay scale. IF, IF he credits 90 hours a month for the ENTIRE year he'll barely gross 100K.

744driver 11-25-2012 09:32 AM

Nicely said, xjtguy...

It would be nice to retire at 60 (or earlier) but for a lot of pilots that is not to be...that is the (new) reality. At the very least, this gives some the option to keep working.

I'm hoping to get out at 60 (not likely) if the numbers work out (read, Wall Street has to cooperate!!).

Yes, I'd like to rest after my hard work is done, and enjoy life...but if I have a choice of working hard for a few years, I will. I'm not afraid of work...are you?

Bustin 11-25-2012 10:02 AM


Originally Posted by etflies (Post 1298713)
In a world where seniority is everything, having that stagnate for half a decade is a big deal.

As for me, I'm doing everything I can to put myself in a position to retire at 60, or earlier if possible. I love flying but there are far more important things I'd rather do.

Totally agree with you. And 65 put another dent in that for sure. But it's been the least of our worries the last 5 years. Oil prices, economy, race to the bottom, all much bigger issues. Logic says if you're healthy to fly at 61, you should be allowed to fly. How that affects the rest of the dog eat dog airline system really should be irrelevant. The age 60 rule was there for one reason and one reason alone. SAFETY. When that starts degrade there is an argument against age 65. Until then I will respectfully believe it's all just politics and self interest.

todhog2 11-25-2012 10:13 AM


Originally Posted by xjtguy (Post 1298722)
Could you imagine being 40-50 years old, getting furloughed, kids are about to start college, and you're dealing with the joy of trying to start over at another airline. All in the process burning whatever savings you've accumulated to that point, if any. Being 50 years old, that eventual six figure income really isn't jack squat.

I don't have to imagine it, I'm living it. You described my life perfectly except for the part about living with my in-laws.

xjtguy 11-25-2012 10:56 AM


Originally Posted by todhog2 (Post 1298744)
I don't have to imagine it, I'm living it. You described my life perfectly except for the part about living with my in-laws.

That super sucks. When I used the word "imagine", it was for the (younger) guys posting that have YET to take their first career kick in the balls and see how truly ugly it can be when it happens. Even if one is a saver, planned well, etc.

I'm lucky in that I haven't had it as bad as many others. But A LOT is simply based on the fact that I put a lot of my personal life on hold and living on the p1ss poor modest income that a regional provides. Only been furloughed once and displaced out of the CA's seat twice, and I haven't even got to be in "the show" yet. And the way this career has been going, many of us, we will be/are just like the legacy pilot I described earlier. Mid-late 40's/early 50's before seeing a decent income. With most of that "decent" income being saved for retirement. Never truly being able to enjoy it while still semi-young.


Originally Posted by 744driver (Post 1298729)
I'm not afraid of work...are you?

I know that question was more rhetorical. But nope, not afraid of work. Raised blue collar and worked blue collar all through high school and college to pay for my ratings and college.

What I (and many others) AM (ARE) afraid of is having to work WAY longer than need be when I (WE) SHOULD be retired and trying to enjoy life.

Sucks that 9/11, BK's, pension terminations, Age 65, economic collapse/recession has lowered this career and moved the goal line farther and farther away.

Gjn290 11-25-2012 11:08 AM

Don't forget the world is supposed to end on December 21 so we may all get early retirement ;)


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