What are the views on retirement at 60 or 65?
There seems to be a lot of talk about pay rise and DEFO, but not so much about retirement even though it will have a major impact on career progression.
If the time to command is at about 10 years now, it will possibly be up to 15-20 years in the future. Considering the extra number of years spent as F/O, this more than negates any financial benefits coming from a pay rise. It will have a significant financial impact for any officers below CN in terms of lost revenue. Moreover, F/O reaching the top of the F/O pay scale won’t get any annual pay increments until going for their command, which could be several years away.
The expansion may help alleviate the negative impact of RA60/55, but not significantly. And once the expansion is over and we’ve received all our new aircrafts (in 2-3 yrs only I believe), upgrades will come to a stop as no one will be retiring for another amount of years.
