Autothrust Blue
”…trusting ze process…”
Liked for accuracy, not content.
Age 67 legislation reintroduced
- Thread starter Kingairer
- Start date
Honestly, I'm hoping I'll have good enough fortunes in my career to get out at 60 if not even earlier. I have a number in mind and when I hit it, I'm out. While the pay and days off in 121 flying are exceptional, and make for grear QOL at home, the job itself is nowhere near as fun as when I was doing Corporate and 135. Sure, the jet flying part is always cool, but there's a level of toxicity that I wasn't expecting when I made the switch. Plus the type of trips feel like they're not good at all for your body. A domestic 4 day leaves me much more tired than some of the crazy stuff I used to do while contract flying. I can't imagine people wanting to do this until 67. Even though the Chinese fortune teller in Taipei said my job won't affect my health as I get older, I'd rather not press to test.
That said, looking at the proceedings from the ICAO meeting, looks like 67 is DOA. And the likelihood of it being introduced as a stand alone bill in the US only without ICAO support is even less.
That said, looking at the proceedings from the ICAO meeting, looks like 67 is DOA. And the likelihood of it being introduced as a stand alone bill in the US only without ICAO support is even less.
That was always my perception from the outside looking in (to 121). Still happy with my choice…
Cherokee_Cruiser
Bronteroc
Some on JC hate it when parents provide for their kid after 18, but I commend you for this. As a parent too, I wholeheartedly agree. Never understood the “can’t take it with you” mentality. You take it and enjoy, but also leave some (a lot) for your kids.
The way things are going, I think our kids generation is going to have to rely on family-pass downs (houses, money) in order to make it.
Cherokee_Cruiser
Bronteroc
If you don’t mind, can I ask for more details of what you mean in terms of this:
“Sure, the jet flying part is always cool, but there's a level of toxicity that I wasn't expecting when I made the switch.”
Is this broader commentary on the state of the industry, seniority system, furloughs? Or something like politics coming in the flight deck? Or…..?
Then i assume you know about ABLE accounts and have one set up for your son?
It's a few things. The working relations with other groups are cold. You can tell they're not always on your same team. I like to break the ice and set a friendly tone from the get-go and most of the time that will give me cordial but distant. Sometimes it gets you Minnesota Nice, and sometimes still outright dismissal. A cockpit, cabin, and above wing ground crew that truly work together and take care of each other is rare and feels special when it happens.
The worst though are the other pilots. Maybe it's a fragile ego thing, but there's a group of people always trying to put down their peers and find reasons why they shouldn't be there. Your background isn't good enough, newhires shouldn't start on this fleet, you're too junior to upgrade, or whatever other reason they think you're not worthy. Any time the slightest thing goes wrong in an airliner there's a contingent of people just salivating to dox the crew to prove their bias. "See they shouldn't have been flying!". I worry every time I go to work that if I have a bad day my name is going to get smeared on social media and mainstream media, trashing my reputation even if it turns out later I did nothing wrong. I never worried about that even flying A-list celebrities or high ranking government officials. These same people will cheer on industry downturns because "that'll teach these entitled new generations". They had a rough time and so should everyone else. Then there's those that lobby congress and organizations against the official position of their union (like the age 67 group) or go behind the contract and make side deals with the company. Union members when it benefits them but quick to dismiss it for their personal gain at the expense of everyone else.
It's not everyone of course, but I see these things often enough that it becomes exhausting.
Kingairer
'Tiger Team' Member
The healthiest thing you can do in 121 is to stay off the message boards and getting involved in spats over there. They dont represent reality. Check in for some NOTAM style things but never engage and never have it on your feed. I dont even know the airline you work for, but theyre all the same in that regard. I dont know if youre a captain or not, but it helps 100%. Ive only flown with a few FOs who just couldnt be happy about anything, and most of them had been "radicalized" by these dang message boards. There will always be pilots who think they know it all, couldve done it better, wouldnt have made that bad landing that was plastered and commented on youtube etc...
Autothrust Blue
”…trusting ze process…”
I get more information out of the meme page than I do from most “official” or informal sources.
It’s usually funny, on point, context provided and, uh, funny, so it sticks. Stiff corporate writing doesn’t work for me, as it rings hollow. (And I am aware that I’ve written in stiff tones too.)
poser765
Well-Known Member
the way things are going…. Yeah I feel you. I don’t know what the world will look like when I’m gone, but I want them to have as much advantage I can give them. I mean that’s really our job as parents right? Make them good humans and be there for them.
you would assume incorrectly. Never heard of them as we are still fairly early into all of this. Actually just got a diagnosis like 3 days ago. From the little reading I’ve done now I’m not sure he’d qualify. I’ll definitely check it out more.
Autothrust Blue
”…trusting ze process…”
Quick and dirty, there is no federal tax deductions for ABLE contributions, but there may be state tax benefits that depends on the state. Earnings in the ABLE are tax free when distributions are used for qualified disability expenses. (QDEs). More importantly up to $100000 in assets in an ABLE don’t count as assets for the individual when applying for disability assistance.
What are ABLE Accounts? - ABLE National Resource Center
About ABLE Accounts An ABLE account is a savings and / or investment option for people with disabilities who qualify. It falls under Section 529A of the Internal Revenue Service tax code. The ABLE Act allows a person whose disability began before age 26*, to save money in the ABLE account...
poser765
Well-Known Member
interesting. Thank you… I’m definitely going to check it out.Quick and dirty, there is no federal tax deductions for ABLE contributions, but there may be state tax benefits that depends on the state. Earnings in the ABLE are tax free when distributions are used for qualified disability expenses. (QDEs). More importantly up to $100000 in assets in an ABLE don’t count as assets for the individual when applying for disability assistance.
What are ABLE Accounts? - ABLE National Resource Center
About ABLE Accounts An ABLE account is a savings and / or investment option for people with disabilities who qualify. It falls under Section 529A of the Internal Revenue Service tax code. The ABLE Act allows a person whose disability began before age 26*, to save money in the ABLE account...www.ablenrc.org
I don’t know to be honest
If you have the extra cash and are able to contribute to an ABLE and invest it and get earnings from those investments then yes it’s another tax shelter.
We had one family in our scout troop who had a disabled daughter and I mentioned it to that family but they are barely making ends meet. The cash going into the ABLE comes right back out so there is no benefit to having an ABLE over just using your banking accounts since the cash doesn’t stay in the account long enough to be invested and grow.
If there was someone who could deposit the maximum annual gift ($19000 in 2025) and regularly deposit up to the contribution limit and give the family breathing room maybe there is some utility.
Something that would good in theory but really is only able to utilized by higher income higher net worth individuals/families rather than the working poor.
ClearedForOption
Displaced... again.
In related news, when this was being talked about on the "socials" I made a suggestion that everyone post their age prior to their opinion just so that my fellow pilots and I could correlate the inherent bias. Amazingly no one took me up on it and the biggest comment was, "WHaT DOes ThaT haVe to dO wiTH anYthInG!!!!"
I am torn about the issue... I would like the option of 2 more years... (who wouldn't) if I'm healthy and at peak seniority. I could see myself bidding senior reserve and/or dropping a bunch of easy trips and flying "part-time." The big problem (for me) is that I'm being (involuntarily) sent back to the east coast for the next 7 years or so - if this passes, it will up it to 9 years of involuntarily transcon commutes. My career has been going steadily backwards for the last year.
Anyhoo... the last "boomer" officially retires on 31 Dec 2029. Then it'll be us Gen X'ers to blame for everything.
Kingairer
'Tiger Team' Member
Although it seems to be put aside for ICAO now, the bill in congress is still out there. Was there any language in the bill that required ICAO to act first ? I wouldn’t put it past these guys in congress to pass the bill even without icao support even though that would be a huge CF for every airline.
Autothrust Blue
”…trusting ze process…”
I would observe that the former generation has disproportionately held onto power in various circles, and the latter generation thus far seems much more interested in status quo maintenance than anything else. I may be disabused of this position, however.
I’m torn.
We have some really good people that are productive, are actively giving back to the community where I could see if they had a couple more years, they can really get a lot of good work done.
On the other hand, there are those that take every opportunity to openly admit they’re going on sick leave, spend every moment declaring what everyone else owes them and/or are already in cognitive decline.
Almost for every person I hate to see retire is another that probably needed to go several years earlier.