Originally Posted by
BluSdUp
Just out of curiosity ,what is the contracted retirement age in the Majors and the Commuters, anyone?
As far as I know, it's the regulatory max age at FAR Part 121 operations. Some carriers will have a provision for early retirement with the details varying I'd imagine.
When I retired under a defined-benefit plan with a monthly annuity payout, the penalty was 3% per year early. I left 4 years ahead of the regulatory max age and lost 12% of what the full payout would've been. Then they terminated the pension plan and it all became moot.
I have no idea what airlines are doing today with a defined-contribution retirement plan.
In either case, retirement is based on regulatory max age.