PonF
I think that you're only partly correct in your assertion.
Everyone assumes that raising the maximum age to 65 will result in no retirements for a five year period. This would just not be the case
Thats why I caveated my message with a
If you delay all the retirements by X years
However, delaying all by 5 years may be a good estimate... since as you say there will be no compulsory age to stop.. so 55 (for some companies) may go 60, 65, 70? Who knows?
After 1st October 2006, it will become illegal to even state an NRD in a contract. Pilots will thus be able to retire when they judge that they can afford to do so on the basis of time in their respective pension schemes
Again - a caveat. You will/may be able to continue working beyond the previous NRD/CRA stated in your current contract and pension rules i.e. the NRD / CRA in your contract becomes null & void. However, there is nothing proposed to say that the NRD/CRA in your pension scheme will alter... So you will be able to continue working, but not necessarily earning any extra pension rights... And you certainly cannot rely on earning the same pension rights i.e. those currently in a FSS may suddenly find that after the old CRA (e.g. 55 in BA) they are now in a MPS.
NoD