CAL "A" Plan
03-08-2011, 05:41 PM
#11
Keep Calm Chive ON
Joined APC: Feb 2008
Position: Boeing's Plastic Jet Button Pusher - 787
Posts: 2,086
At least you got that going for you.
03-09-2011, 05:56 AM
#14
Gets Weekends Off
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,900
03-09-2011, 05:59 AM
#15
Gets Weekends Off
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,900
Can someone who understands all this better confirm and explain this?
03-09-2011, 07:24 AM
#16
Line Holder
Joined APC: Nov 2010
Posts: 41
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
Joined APC: Feb 2011
Posts: 3,866
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 APC: Oct 2010
Position: IAH 737 CA
Posts: 690
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
Line Holder
Joined APC: Jan 2011
Position: B-737 Captain, IAH
Posts: 73
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
Gets Weekends Off
Thread Starter
Joined APC: Dec 2008
Position: 777 Cap
Posts: 199
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