Follow up query regarding pay schemes at affected airlines. Is your airline on-
a) Formula Pay system (ie. pay dependent on size of aircraft).
b) Years-of-service system (ie. Captain and F/O annual increases irrespective of fleet type)
When the retirement age is raised at airlines on an a) system, obviously those at the top get to stick around at top rates for another 5 years. On a b) system, increasing the retirement age is not so punitive to the rest.
Air Canada is presently on a formula pay system, though there is somewhat of a grassroots movement supporting a change to years of service if the retirement age goes to 65 to spread the wealth a little more equitably, so to speak.