Age 65 will be in place within two months

Seggy · September 12th, 2007, 23:06

The bill that included increasing the retirement age of airline pilots from 60 to 65 was passed today by the Senate.

Once the President signs it, the FAA will have 30 days to implement it.

More time at the regionals!

YIPPE KAY YAY!

Maximillian_Jenius · September 12th, 2007, 23:10

Sucks. But I'm not so sure that it will mean more time at the regionals for everyone.

But *some* will remain in the minor leagues longer than they would had 65 not been signed into law.

I'm sure many will both try to get out at 60, or medical out. With some staying till 65!

But...what do I know!?

wheelsup · September 12th, 2007, 23:10

I saw that fast read. Interesting - it went thru so quick. Most of the hirings these days are for retirement, correct? So wouldn't that mean most of the hiring at the major level would slow?

BobDDuck · September 12th, 2007, 23:11

Grrr. There goes the hiring for a while. I'm sure the number of guys who have to drop out because of their medical will go up a bunch, but the machine is defiantly going to slow down for a few years.

Seggy · September 12th, 2007, 23:17

Who the **** knows what this is going to do long term, but it will slow things down short term.

Majors could offer early retirements because they don't want to pay those top salaries for five more years.

The other thing that it can do is guys that are sitting left seat at regionals that are in their mid thirties MIGHT be more reluctant to go to a major when the mass retirement boom happens in the years down the road.

This sucks no doubt about it. We shall see what happens.

LoadMasterC141 · September 12th, 2007, 23:38

Did they ever decide if this new limit was going to be grandfathered? That would hurt a bit more.

OldTownPilot · September 12th, 2007, 23:41

Quote:

Originally Posted by LoadMasterC141

Did they ever decide if this new limit was going to be grandfathered? That would hurt a bit more.

99% sure it will NOT be gandfathered to already retired pilots

MSUDAWG · September 13th, 2007, 00:27

Not sure about being grandfathered, but for the guys at the companies with engineer panels on some of the equipment who went to the back seat instead of retiring are good to go back to the front.....

kellwolf · September 13th, 2007, 00:35

Quote:

Originally Posted by MSUDAWG

Not sure about being grandfathered, but for the guys at the companies with engineer panels on some of the equipment who went to the back seat instead of retiring are good to go back to the front.....

Hence the reason FedEx has been doing nil in the hiring dept. They had no idea what their staffing situation was going to be.

Champcar · September 13th, 2007, 00:36

5 more years at top wages works.

MSUDAWG · September 13th, 2007, 00:37

yeah true but the future of 3 pilot airplanes there and other places are quickly becoming a thing of the past....

kellwolf · September 13th, 2007, 00:38

Quote:

Originally Posted by Champcar

5 more years at top wages works.

See, I don't buy into that. I don't really WANT to work until I'm 65. If I can retire comfortably at 60 (or sooner), I'll probably do it.

staplegun · September 13th, 2007, 00:39

Quote:

Originally Posted by kellwolf

Hence the reason FedEx has been doing nil in the hiring dept. They had no idea what their staffing situation was going to be.

How many guys bid back at FedEx?

Anyone know?

Kevin

Doug Taylor · September 13th, 2007, 00:40

Don't expect to do in five what you haven't done for the (x-5 length) of your career.

flywithUS · September 13th, 2007, 01:21

Quote:

Originally Posted by Doug Taylor

Don't expect to do in five what you haven't done for the (x-5 length) of your career.

Very true, but five years for guys who lost everything can mean a lot.

OldTownPilot · September 13th, 2007, 02:12

There are guys that had their pensions "frozen" at 52, basicly losing close to a million dollars, which is nearly all their retirement money and not have to build a "B plan" in 8 years. Many guys need to work to at least 62 to not need to move into trailer park when they retire.

A lot of good pilots got screwed buy a corrupt MEC that had a scab as its leader.

Hootie · September 13th, 2007, 04:04

My prediction is that this will create a massive shortage 5 years from now. Who's gonna want to start flight training just to fill in for attrition at Mesa? I don't know much, but it seems like they are just throwing on a band-aid to the real problem.

flyover · September 13th, 2007, 07:31

Quote:

Originally Posted by BobDDuck

Grrr. There goes the hiring for a while. I'm sure the number of guys who have to drop out because of their medical will go up a bunch, but the machine is defiantly going to slow down for a few years.

Hey, I'm not trying to be defiant. I just don't want to have to retire at 60.

#1FMS · September 13th, 2007, 07:53

Quote:

Originally Posted by Champcar

5 more years at top wages works.

I bet some airlines will use the "we can't afford 5 more yrs at top-out, therefore we have to re-negotiate the rest of the contract" excuse to cut wages.

Mr_Creepy · September 13th, 2007, 08:14

Quote:

Originally Posted by kellwolf

See, I don't buy into that. I don't really WANT to work until I'm 65. If I can retire comfortably at 60 (or sooner), I'll probably do it.

No one is stopping you. If your 401k is ready at 60 then retire.

Not that I'm in the business anymore, but I, sir, would want the OPTION and not be FORCED to go home at 65.

Unless of course your REAL objection is "oh but it's going to take me time to get SENIOR!"

(That is the definition of seniority ha ha)

ComplexHiAv8r · September 13th, 2007, 08:44

My only issue has been you were forced at 60, but no able to recieve your Social Security yet. While not much, it is something that you had been paying into for some time.

Still not sure if I like 65 of not, and I'm one hoping to get into the game late.

Tuckster · September 13th, 2007, 10:01

Pension/401K's will be the deciding factor for most. If things are lined up to retire at 60, then most probably will. And I agree with the post that the airlines can always offer 'enhanced retirement packages' to get rid of the high end salaries.
Also, I've been reading that the private and corporate/charters will grow due to the numerous delays and security issues when flying the airlines.

Minnesota_Flyer · September 13th, 2007, 10:03

Hell. If I could afford to retire at 35, I would. But no one should be forced to do anything merely because they've hit a "magic" number on the calendar. If a pilot can pass a 1st class medical and pass PCs, there's no good reason to require that they retire.

Frank_Rizzo · September 13th, 2007, 10:16

I'd venture the majority of retirees were "ready" to go at 60 and this is really for those few who either still have it in them and are stubborn or got really screwed as of late and need that plan B. If this does get signed I would still want out early as possible as long as it was feasible. Save that 15% and don't get married that is my plan!

stuckingfk · September 13th, 2007, 10:29

Quote:

Originally Posted by Minnesota_Flyer

Hell. If I could afford to retire at 35, I would. But no one should be forced to do anything merely because they've hit a "magic" number on the calendar. If a pilot can pass a 1st class medical and pass PCs, there's no good reason to require that they retire.

I feel the same way, but the old guys/gals should have a more thorough 1st class exam. I also think the States should implement reviews or rexaminations for older drivers. There are several on the road who shouldn't be driving.

September 12th, 2007, 23:10	#2
Maximillian_Jenius Old Skool Join Date: Nov 2003 Location: KPHX, KFFZ, KIWA Posts: 18,661	Re: Age 65 will be in place within two months Sucks. But I'm not so sure that it will mean more time at the regionals for everyone. But some will remain in the minor leagues longer than they would had 65 not been signed into law. I'm sure many will both try to get out at 60, or medical out. With some staying till 65! But...what do I know!? __________________ Rear Admiral www.gayviator.com Maximillian Pegasus

September 12th, 2007, 23:10	#3
wheelsup Old Skool Join Date: Mar 2004 Location: _ Posts: 5,182	Re: Age 65 will be in place within two months I saw that fast read. Interesting - it went thru so quick. Most of the hirings these days are for retirement, correct? So wouldn't that mean most of the hiring at the major level would slow? __________________ "It takes just as much time to be nice to someone as it does to be a jerk."

September 12th, 2007, 23:11	#4
BobDDuck Old Skool Join Date: Sep 2003 Location: Left Seat Posts: 5,340	Re: Age 65 will be in place within two months Grrr. There goes the hiring for a while. I'm sure the number of guys who have to drop out because of their medical will go up a bunch, but the machine is defiantly going to slow down for a few years. __________________ TBJC08 The Gear Monkey The Gear Monkey Store

September 12th, 2007, 23:17	#5
Seggy Old Skool Join Date: Jan 2004 Location: Somewhere in the Northeast Posts: 4,942	Re: Age 65 will be in place within two months Who the ** knows what this is going to do long term, but it will slow things down short term. Majors could offer early retirements because they don't want to pay those top salaries for five more years. The other thing that it can do is guys that are sitting left seat at regionals that are in their mid thirties MIGHT** be more reluctant to go to a major when the mass retirement boom happens in the years down the road. This sucks no doubt about it. We shall see what happens. __________________ www.alpa.org Last edited by SteveC; September 13th, 2007 at 20:11. Reason: language

September 12th, 2007, 23:38	#6
LoadMasterC141 Old Skool Join Date: May 2006 Location: Live in Temple, TX - From Ithaca, NY - Wish I was on an island in Fiji Posts: 1,905	Re: Age 65 will be in place within two months Did they ever decide if this new limit was going to be grandfathered? That would hurt a bit more.

September 12th, 2007, 23:06	#1
Seggy Old Skool Join Date: Jan 2004 Location: Somewhere in the Northeast Posts: 4,942	Age 65 will be in place within two months The bill that included increasing the retirement age of airline pilots from 60 to 65 was passed today by the Senate. Once the President signs it, the FAA will have 30 days to implement it. More time at the regionals! YIPPE KAY YAY! __________________ www.alpa.org

September 13th, 2007, 00:27	#8
MSUDAWG Senior Member Join Date: Nov 2006 Location: Memphis Posts: 578	Re: Age 65 will be in place within two months Not sure about being grandfathered, but for the guys at the companies with engineer panels on some of the equipment who went to the back seat instead of retiring are good to go back to the front..... __________________ OOTSK

September 13th, 2007, 00:36	#10
Champcar Old Skool Join Date: Oct 2005 Location: ROC Posts: 2,196	Re: Age 65 will be in place within two months 5 more years at top wages works.

September 13th, 2007, 00:37	#11
MSUDAWG Senior Member Join Date: Nov 2006 Location: Memphis Posts: 578	Re: Age 65 will be in place within two months yeah true but the future of 3 pilot airplanes there and other places are quickly becoming a thing of the past.... __________________ OOTSK

September 13th, 2007, 00:40	#14
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 39,827 Blog Entries: 1	Re: Age 65 will be in place within two months Don't expect to do in five what you haven't done for the (x-5 length) of your career. __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

September 13th, 2007, 02:12	#16
OldTownPilot Old Skool Join Date: May 2005 Location: BGR (Bangor, ME) Posts: 2,862 Blog Entries: 4	Re: Age 65 will be in place within two months There are guys that had their pensions "frozen" at 52, basicly losing close to a million dollars, which is nearly all their retirement money and not have to build a "B plan" in 8 years. Many guys need to work to at least 62 to not need to move into trailer park when they retire. A lot of good pilots got screwed buy a corrupt MEC that had a scab as its leader. __________________ As a wise man said, sumb!tch flew in, sumb!tch'll fly out. Ski Hard. Party Harder.

September 13th, 2007, 04:04	#17
Hootie Senior Member Join Date: Dec 2002 Location: Zona Posts: 1,159	Re: Age 65 will be in place within two months My prediction is that this will create a massive shortage 5 years from now. Who's gonna want to start flight training just to fill in for attrition at Mesa? I don't know much, but it seems like they are just throwing on a band-aid to the real problem. __________________ Whatever happened to catching a good old fashioned passionate ass whooping?

September 13th, 2007, 08:44	#21
ComplexHiAv8r Old Skool Join Date: Apr 2005 Location: OH or is it MX?? Posts: 4,509	Re: Age 65 will be in place within two months My only issue has been you were forced at 60, but no able to recieve your Social Security yet. While not much, it is something that you had been paying into for some time. Still not sure if I like 65 of not, and I'm one hoping to get into the game late. __________________ Oh, to be home again! Get Busy Living, or Get Busy Dying....

September 13th, 2007, 10:01	#22
Tuckster Junior Member Join Date: Apr 2007 Posts: 78	Re: Age 65 will be in place within two months Pension/401K's will be the deciding factor for most. If things are lined up to retire at 60, then most probably will. And I agree with the post that the airlines can always offer 'enhanced retirement packages' to get rid of the high end salaries. Also, I've been reading that the private and corporate/charters will grow due to the numerous delays and security issues when flying the airlines.

September 13th, 2007, 10:03	#23
Minnesota_Flyer Old Skool Join Date: Mar 2004 Location: the Twin Cities of Minneapolis and St. Paul Posts: 1,895	Re: Age 65 will be in place within two months Hell. If I could afford to retire at 35, I would. But no one should be forced to do anything merely because they've hit a "magic" number on the calendar. If a pilot can pass a 1st class medical and pass PCs, there's no good reason to require that they retire. __________________ I'm free of all prejudices. I hate everyone equally. Commercial Pilot - ASEL, Instrument 290 TT

September 13th, 2007, 10:16	#24
Frank_Rizzo Junior Member Join Date: Nov 2004 Location: RDU Posts: 199	Re: Age 65 will be in place within two months I'd venture the majority of retirees were "ready" to go at 60 and this is really for those few who either still have it in them and are stubborn or got really screwed as of late and need that plan B. If this does get signed I would still want out early as possible as long as it was feasible. Save that 15% and don't get married that is my plan!

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