Age 65 here we go...
12-12-2007, 08:45 PM
#31
Gets Weekends Off
Joined APC: Jun 2007
Position: MD-11 F/O
Posts: 146
You're right. I looked at the old resolution from Jan. The Dec one that just passed took that language out. Those guys looking to avoid the tax hit better retire before the President signs.
12-13-2007, 04:25 AM
#32
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
This one that passed last night ... is a completely stand alone bill.
Welcome to the new world order !
Any airlines out there in negotiations need to fight for higher FO pay rates across the board. Like 90 % of what the left seat pays ...
Just glad to be where I am at right now, I think ...
12-13-2007, 04:30 AM
#33
Proponent of Hysteria
Joined APC: Jun 2007
Position: "Part of the problem." : JL
Posts: 1,054
Age 65 is the greatest thing since the LOA for FedEx. Instead of paying you 6 figures to sit on your a$$ the day you turn 60, they now get 5 more years of honest work out of you.
And, to top it off, FedEx gets to send you fewer pension checks when you finally do retire. 10 years less worth, on average. See table below:
Table 1 – Actuarial Study of lifespan vs. age at retirement.
-----------------------------------------------------------------------
Age at.......................................... Average Age
Retirement .....................................At Death
-----------------------------------------------------------------------
49.9 .................................................. ...86
51.2 .................................................. ...85.3
52.5 .................................................. ...84.6
53.8 .................................................. ...83.9
55.1 .................................................. ...83.2
56.4 .................................................. ...82.5
57.2 .................................................. ...81.4
58.3 .................................................. ...80
59.2 .................................................. ...78.5
60.1 .................................................. ...76.8
61 .................................................. ......74.5
62.1 .................................................. ...71.8
63.1 .................................................. ...69.3
64.1 .................................................. ...67.9
65.2.............................................. ........66.8
And, to top it off, FedEx gets to send you fewer pension checks when you finally do retire. 10 years less worth, on average. See table below:
Table 1 – Actuarial Study of lifespan vs. age at retirement.
-----------------------------------------------------------------------
Age at.......................................... Average Age
Retirement .....................................At Death
-----------------------------------------------------------------------
49.9 .................................................. ...86
51.2 .................................................. ...85.3
52.5 .................................................. ...84.6
53.8 .................................................. ...83.9
55.1 .................................................. ...83.2
56.4 .................................................. ...82.5
57.2 .................................................. ...81.4
58.3 .................................................. ...80
59.2 .................................................. ...78.5
60.1 .................................................. ...76.8
61 .................................................. ......74.5
62.1 .................................................. ...71.8
63.1 .................................................. ...69.3
64.1 .................................................. ...67.9
65.2.............................................. ........66.8
12-13-2007, 04:56 AM
#34
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
Age 65 is the greatest thing since the LOA for FedEx. Instead of paying you 6 figures to sit on your a$$ the day you turn 60, they now get 5 more years of honest work out of you.
And, to top it off, FedEx gets to send you fewer pension checks when you finally do retire. 10 years less worth, on average. See table below:
Table 1 – Actuarial Study of lifespan vs. age at retirement.
-----------------------------------------------------------------------
Age at.......................................... Average Age
Retirement .....................................At Death
-----------------------------------------------------------------------
49.9 .................................................. ...86
51.2 .................................................. ...85.3
52.5 .................................................. ...84.6
53.8 .................................................. ...83.9
55.1 .................................................. ...83.2
56.4 .................................................. ...82.5
57.2 .................................................. ...81.4
58.3 .................................................. ...80
59.2 .................................................. ...78.5
60.1 .................................................. ...76.8
61 .................................................. ......74.5
62.1 .................................................. ...71.8
63.1 .................................................. ...69.3
64.1 .................................................. ...67.9
65.2.............................................. ........66.8
And, to top it off, FedEx gets to send you fewer pension checks when you finally do retire. 10 years less worth, on average. See table below:
Table 1 – Actuarial Study of lifespan vs. age at retirement.
-----------------------------------------------------------------------
Age at.......................................... Average Age
Retirement .....................................At Death
-----------------------------------------------------------------------
49.9 .................................................. ...86
51.2 .................................................. ...85.3
52.5 .................................................. ...84.6
53.8 .................................................. ...83.9
55.1 .................................................. ...83.2
56.4 .................................................. ...82.5
57.2 .................................................. ...81.4
58.3 .................................................. ...80
59.2 .................................................. ...78.5
60.1 .................................................. ...76.8
61 .................................................. ......74.5
62.1 .................................................. ...71.8
63.1 .................................................. ...69.3
64.1 .................................................. ...67.9
65.2.............................................. ........66.8
From the looks of that ... if the age goes to 66, the grim reaper will be knocking at the flight deck door.
As always, liars figure, and figures lie ... something like that
12-13-2007, 04:59 AM
#35
Gets Weekends Off
Joined APC: Aug 2005
Position: Retired
Posts: 980
Age 65 is the greatest thing since the LOA for FedEx. Instead of paying you 6 figures to sit on your a$$ the day you turn 60, they now get 5 more years of honest work out of you.
And, to top it off, FedEx gets to send you fewer pension checks when you finally do retire. 10 years less worth, on average. See table below:
Table 1 – Actuarial Study of lifespan vs. age at retirement.
-----------------------------------------------------------------------
Age at.......................................... Average Age
Retirement .....................................At Death
-----------------------------------------------------------------------
49.9 .................................................. ...86
51.2 .................................................. ...85.3
52.5 .................................................. ...84.6
53.8 .................................................. ...83.9
55.1 .................................................. ...83.2
56.4 .................................................. ...82.5
57.2 .................................................. ...81.4
58.3 .................................................. ...80
59.2 .................................................. ...78.5
60.1 .................................................. ...76.8
61 .................................................. ......74.5
62.1 .................................................. ...71.8
63.1 .................................................. ...69.3
64.1 .................................................. ...67.9
65.2.............................................. ........66.8
And, to top it off, FedEx gets to send you fewer pension checks when you finally do retire. 10 years less worth, on average. See table below:
Table 1 – Actuarial Study of lifespan vs. age at retirement.
-----------------------------------------------------------------------
Age at.......................................... Average Age
Retirement .....................................At Death
-----------------------------------------------------------------------
49.9 .................................................. ...86
51.2 .................................................. ...85.3
52.5 .................................................. ...84.6
53.8 .................................................. ...83.9
55.1 .................................................. ...83.2
56.4 .................................................. ...82.5
57.2 .................................................. ...81.4
58.3 .................................................. ...80
59.2 .................................................. ...78.5
60.1 .................................................. ...76.8
61 .................................................. ......74.5
62.1 .................................................. ...71.8
63.1 .................................................. ...69.3
64.1 .................................................. ...67.9
65.2.............................................. ........66.8
12-13-2007, 05:05 AM
#36
Gets Weekends Off
Joined APC: May 2007
Position: let it snow, let it snow, let it snow
Posts: 833
12-13-2007, 05:09 AM
#37
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
ALL the more reason to be on the golf course, by the river, etc ... IN ACTUAL RETIREMENT !
While the table posted may be worthless ... the point is someone just added 5years of productivity to your employer.
And took away 5 years of productivity to our FULL retirement benefits ...
Thank you very little ...
12-13-2007, 05:15 AM
#39
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
12-13-2007, 05:16 AM
#40
Gets Weekends Off
Joined APC: Apr 2006
Position: MD11 F/O
Posts: 653
I have had multiple Captains tell me they will retire before the age is changed to 65 in order to avoid the retiring early penalty and the tax hit to their B funds inherent in the age change. According to the bill, "This Act shall take effect on the date that is 30 days after the date of the enactment of this Act." How many days notice do you have to give the company if you are planning to retire?
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