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Unless you're a pilot, forced to retire at 60 by the FARs. Then you
get $28k to live on because you "retired early." Worked hard to build a nice house? You're going to have to sell it -- you won't be able to afford the taxes on it. That's not what NPR said -- although it IS the pilots who will be hurt the most. The way they put it, after clearing a 6-figure income as a United pilot, a retired United pilot would be capped at "only" $45K annually under the new plan, despite the fact that his higher past salary entitled him to a MUCH higher pension payment under the old retirement plan. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
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