Loss of License

brien23

brien23

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Brien
What are the odds working for a airline and a retirement given your only one medical away from the exit door. Just what percent of pilots loose their license for medical or other reasons and not make retirement.
 
with the age increase to 65, expect an increase of medical outs at the airlines. Also recognize, not everybody plans on working to mandatory retirement age. God knows I don't. Furthermore, personally I consider it prudent not to have to rely on aero-medical dependent employment in order to carry the household in my 50s.
 
I'm sure the airlines know the odds.

When I was in ATC, the mandatory retirement age was 56. I think it still is.
In 1979-1980, only approximately 5% of the work force made it to age 56 without losing their medical.
Yes, Air Traffic Controllers have to maintain a medical. Most lost it for hypertension.

I left for a flying career, still have my medical.
 
Doesn't much matter, even if you make it to 60 or 65, your airline is likely to tank the pension fund and you'll find that the PBGC will stonewall any attempt to pay out what they rightfully should.
 
flyingron said:
Doesn't much matter, even if you make it to 60 or 65, your airline is likely to tank the pension fund and you'll find that the PBGC will stonewall any attempt to pay out what they rightfully should.
Click to expand...
Hence the reason why it is a very good idea to max out the IRAs, Roth or otherwise, and the 401Ks and any other self funded retirement accounts one has available.
 
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