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Old December 15th 06, 09:18 PM posted to rec.aviation.piloting
Andrew Gideon
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Posts: 516
Default Good news for pilots - retirement age

On Fri, 15 Dec 2006 21:46:38 -0800, Greg Farris wrote:

Good
new for you when you get closer to that age and make a quick 180 on your
above post! :-)


Maybe.

I heard a news report about this on the local news station. According to
that, this is all about keeping a sufficiently large pool of pilots
available.

My immediate thought goes to economics 101: supply vs. demand. By raising
the retirement age, the FAA is actually helping to keep pilot salaries
(and pension payments!) down.

So yes, pilots can work longer. And that's good for older pilots (even if
a little temporarily painful for younger pilots {8^). But there is also
that economic downside of the increased supply of pilots to consider.

- Andrew