Age 60 is now Age 65
 

FAA will anounce tomorrow. Terrible news for those looking to get on with a carrier and/or upgrades at majors.

Do you mean that the FAA will announce an NPDM?

Or do your sources tell you that the FAA will skip the mandated process and unilaterally change the rule?

5 year implementation. Rumor.

Check this out

http://www.bloomberg.com/apps/news?p...Ue5vg&refer=us

I wonder how many will actually want to work until age 65?

One is too many. This is going to suck.

I hear ya, kinda depression, hiring was just picking up good too. Wondering how it will affect some of the hiring at the regionals like, XJT, CHQ, AWAC, etc

Does anyone think that pilots who have retired in the past few months will return?

Here's another story. It's going to definitely change a lot of things especially at the majors that are currently hiring such as Delta. http://www.cbsnews.com/stories/2007/...n2410945.shtml

Last few months? This is going to take over a year or more to play out. Unions, management,IRS, etc. I say at least 3 years. Also I guarantee anyone over 60, is a FE forever.

If the over 60's become FE till 65, then why would that hurt hiring or upgrades?

Both news stories are speculation. If it happens tomorrow, it's still a minimum 18 months from reality. The actual announcement, in my guesstimation, will be a call for more study from the board with an expected completion date sometime in the future.

Age 60 will take time
 

For Eeked out:
please read
http://www.faa.gov/media/Final_Age_6...11_29_2006.pdf

It will explain that the new rule will apply to 60th birthdays after implementation.

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Premature anxiety? Don't worry,,,at least about me. I've taken to those first class seats. Your biggest obstacle now is the 60+ flight engineer who wants his window seat back... immediately. I went at 59 and would done so at 57, had it not been for the early-out penalties. Now, if you had planned on retiring at 60, will you be hit with huge EO deducations (FDX)? Crew scheduling will also have the over/under 60 senario to deal with. Good on them. :D :D :D

Marion Blakey, head of the Federal Aviation Administration, will discuss "Aviation Safety In A Changing World" at a National Press Club luncheon on Tuesday, January 30.


Blakey's speech will discuss how the landscape of aviation is changing rapidly. She will describe the steps the FAA is taking to keep pace with the industry and provide a return on the taxpayer's investment while doing so.
The National Press Club luncheon will begin promptly at 12:30 p.m. on Tuesday, January 30. Blakey's remarks will begin just after 1:00 p.m., followed by a question-and-answer session.

To be the FAA Administrator you should be REQUIRED to have your ATP. Not just some law degree and a connection with the President.

Anyone else agree?

Compared to some previous FAA types, Blakely isn't too bad.

guys if it increases to 65 then it increases for everyone. there is no set back in when you upgrade, lets say you are 40 now and you were going to upgrade today. you would have been a captain for 20 years to age 60.

ok now you have to wait 5 years for someone to retire. so you upgrade at 45 and retire 20 years later at 65. you will still be a captain for 20 years. no difference. so if all you are worried about is upgrade times and crap like that then just do the math. now, as far as it being a good idea or not,, that is an entirely different issue.

Airsupport, I see your point, but not all of us want to work until 65 to retire... I'd rather take the upgrade and larger paycheck now then work an extra 5 years.

yeah,, thats why i said" whether its right or not is the big question". i was just responding to people who were complaining that this is bad news for anyone wanting to upgrade and move on. i think that will be the least of our worrys

It's bad news for anyone that wants to upgrade and retire at 60.






.

My guess is that about half will want, or need, to work past 60, and will be able to pass the medical. So approximately 2.5 year net slowdown.

It is likely that legislation will prevent those who have already retired from returning to their old seniority.

It is also reasonably likely that there will be a phase-in...ie raise the age by one year each year, over a five year period, or something like that.

Worst case...the music is about to stop! :eek: Do you have your chair? A nice comfy one that you'll be happy with for the next five years? Sucks to be at mesa right now :eek: :eek:

That is the whole point!!!
I have no desire to be flying anything after age 60.
We don't want to work longer for the same amount of pay!!!

Things may slow down but they won't come to a screeching halt. So instead of running off to a legacy at 1500 TurbPIC now you'll have to have 3-4000. Once you get there instead of upgrading in 6-8 years now it will be 8-12. The bottom line is that a fraction will chose to work past 60 and be able to. I just don't think (in my opinion) that it will have that much effect, some but not as much as most are saying.

Yeah, kinda like in the mid-late 90's, or even 2 years ago.

I imagine this is really gonna suck for the AE guys...who are already waiting long enough for upgrades. :(

I plan to be out of the biz buy age 55. They can have 65.

I suspect the vast majority of pilots at Delta, United and USAirways (East) will try to work the full 5 additional years. With their pensions having been turned over to the PBGC it would be an enormous boost to their retirment. The PBGC imposes IIRC about a $15,000/yr penalty in payments for those retiring at 60 vs. 65. In addition they will make, hence avoiding spending, an additional $600-700k over that 5 year period while their employers contribute another $60-70K to their B Funds, they will get additional return on their invested retirement funds for the 5 years, and finally they will not have to worry about having health coverage from 60-65 and/or all of the associated expenses of funding their own.

This will have a very negative short-to-mid-term financial and mental impact on everyone except those near the top of their respective seniority lists.

You are out of your mind!!!!!!!!!!!!! You have no idea what this is going to do!!!!!!! You are going to be stuck in that Old Turbo-Prop for 5 more years, 5 more years of Gargbage pay and garbage lifestyle. And you will be making first year "legacy" pay when your 40 not 35!!!!!!!!!!! Your a bit niave

Its gonna be bad..........

You are out of your mind!!!!!!!!!!!!! You have no idea what this is going to do!!!!!!! You are going to be stuck in that Old Turbo-Prop for 5 more years, 5 more years of Gargbage pay and garbage lifestyle. And you will be making first year "legacy" pay when your 40 not 35!!!!!!!!!!! Your a bit niave

Its going to be ugly...:(

not true. what you aren't taking into account is this will happen to everyone, and then it will catch up with itself. the only problem i really have with this rule is that of safety, not upgrade times. if you start at 35 and fly till you are 60 that is 25 years as captain, you start at 40 and fly to 65, then you will still be a captain for 25 years. Once you are at a carrier that you are ready to call your carreer, their second year fo pay is usually more than a 10 year captains pay at a regional. Also most of the Pay scales at the majors cap out at 12 years. Now i understand that most people dont want to wait to move on and up, but i feel that it will all just catch up to itself and most everyone wont even notice a change. just remember, i know a couple of retired pilots that had to do some stupid jobs till they turned 65 so they could start claiming their retirement.

Talk about the pot calling the kettle black

Sorry Saab, I couldn't resist ;)

Its ok I dish out so I have no other choice but to take it ;)..............at least were all in this mess together