Well now that you put it that way let me crack out the worlds tiniest violin.imjustlurking wrote: ↑Fri Oct 22, 2021 8:19 pmEver heard of the saying "puppies grow old and die"? Well, that concept works with pilots too.Sharklasers wrote: ↑Fri Oct 22, 2021 5:43 pm I don’t have a strong opinion either way on this issue anymore.
But I do believe that if the door opened to fly past 65 a majority of guys would stay until the new limit.
I don’t have enough appendages to count how many guys said things like “I would retire at 60 if it wasn’t for the pension hit!” Pre-covid.
Suddenly when the company is removing the pension hit AND paying out guys pensions as if they had stayed to 65 all but a slim minority of those gentlemen had a change of heart and decided that the pension hit wasn’t the reason they were sticking around after all.
Will is affect our career progression? Absolutely. Is there a single thing any line pilot can do to stop it? No. One day the stars will align and right judge or arbitrator will catch this case, icao will change its rules and we will have fly til you die.
Life not fair and if at the end of the day someone jr now has to work 5 more years to reach the top spots because some boomers decided they wanted a few more bonus years at the head of the trough well that’s how it will be.
One day we are going to be 65. If we don't start standing up for the senior pilots in our industry, we are going to be in that situation at some point too.
I would give my left nut to be in the ‘situation’ these boys are in, staring down the barrel of a DB pension (which you likely are aware is ~144000 per year if you retire in 2021 and your fully funded or a paltry ~100000 per year with 20 years of service).
Edited to add:
If you can’t make a go of it on 100k plus after 20 years of being an Air Canada pilot, 2 more years aren’t going to help you a whole lot.