CAL "A" Plan
03-08-2011 | 05:41 PM
#11
Keep Calm Chive ON
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From: Boeing's Plastic Jet Button Pusher - 787
At least you got that going for you.
03-09-2011 | 05:56 AM
#14
Line Holder
Joined: Jun 2008
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From: 737 CAPT
03-09-2011 | 05:59 AM
#15
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From: 737 CAPT
Can someone who understands all this better confirm and explain this?
03-09-2011 | 07:24 AM
#16
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EWRflyr,
Thanks for the info. What you explained is exactly what I was wondering. I heard the same thing about the "hit" if a pilot stays past 62.5.
I was wondering how much of a hit it is and if they are sticking around for the "possible" retro pay, equity, and may a year of higher wages to offset the "hit".
Thanks again.
Thanks for the info. What you explained is exactly what I was wondering. I heard the same thing about the "hit" if a pilot stays past 62.5.
I was wondering how much of a hit it is and if they are sticking around for the "possible" retro pay, equity, and may a year of higher wages to offset the "hit".
Thanks again.
03-09-2011 | 07:54 AM
#17
Gets Weekends Off
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There's a point I think where the lump sum may peak, sometime after 60 and before 65, so in that sense it may hurt. However the reason people continue working past that peak is because no matter when you take the lump sum, retiring early instantly stops an annual income stream of $175K or so. That's what most can't afford to give up even if it means some degradation of the A Plan lump sum.
Last edited by APC225; 03-09-2011 at 08:31 AM.
03-09-2011 | 08:02 AM
#18
Banned
Joined: Oct 2010
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From: IAH 737 CA
I don't know for sure since I am an after the A-plan hire, but I flew with a guy who kind of explained the whole thing to me. He seemed to indicate that after around age 62 and a couple of months it actually hurts a guy to work longer. (If that is the case, we have quite a few dumb pilots working past 62 here. Then again, many of them are scabs so we aren't talking intellectual giants, either.)
Can someone who understands all this better confirm and explain this?
Can someone who understands all this better confirm and explain this?
03-09-2011 | 09:37 AM
#19
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From: B-737 Captain, IAH
There's a point I think where the lump sum may peak, sometime after 60 and before 65, so in that sense it may hurt. However the reason people continue working past that peak is because no matter when you take the lump sum, retiring early instantly stops an annual income stream of $175K or so. That's what most can't afford to give up even if it means some degradation of the A Plan lump sum.
03-09-2011 | 02:02 PM
#20
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Joined: Dec 2008
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From: 777 Cap
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