If it is more favorable to someone coming up to RA55, then yes you should have that removed from your contract. I can’t believe you had to ask!
Maybe someone coming up to RA55 can offer some of his A Scale Salary to the junior officers as a form of payment for them giving up bypass pay.
That way no junior officer (F/0 or S/O on COS 99) will be financially disadvantaged and the Senior Pilot can work until 65 “or until he dies whichever comes first” on B Scale.
That way the Senior A Scale pilot can fund his own extension. When all the A Scale blokes are finished then the company funds all the junior officers until they get to the bottom of COS 99 and when the first COS 08 pilot receives his command, the by-pass pay stops.
That way CX will not have to fund all the bypass pay and the guys wanting to extend will fund it themselves (in part) in the form of lower pay and benefits (i.e. no travel fund, B scale PF, post 97 medical, etc).
Seem fair????
Better find a good Barrister and send in your letter, cc it to the AOA.
Or is it better for the Junior Officers to give up by-pass pay and fund the extended retirement age? Let’s debate, nicely.
IMHO, the only thing wrong with the current system is that it is too expensive for CX. They can't afford it.
Nothing is stopping CX from increasing the RA in Hong Kong now, it just costs them but they are not willing to pay. They want someone else to pay.
Just keep in mind you are all on individual contracts and YOU and ONLY YOU can have it reduced. Will CX put a letter out to all Officers below the rank of Captain, sign or be fired? That would never happen.