FO 35 YR1, 10 yrs to CMD, 5 yrs BPP
Basically it says if you think inflation will run at 7.0% and you're 35 years old, working to 55 on COS99 will earn 20% less than working to 65 on COS08
See below for details.
Assumptions
All capt signs over to COS08 therefore 10 yrs to CMD for new FO
5 years of BPP
FO age 35 yrs
FO1 salary scale
assume 7.0% inflation
Cumulative Earnings No Inflation
COS 99 COS 08
23781564.00 39047972.00
Cumulative NPV Earnings
COS 99 COS 08
10954327.25 13046645.91
Age Yr.Income 99 Yr.Income 08
35 794316 794316
36 807636 807636
37 821232 821232
38 835104 835104
39 863400 863400
40 1215912 885456
41 1215912 908184
42 1215912 931584
43 1215912 955704
44 1215912 1215912
45 1240236 1240236
46 1265052 1265052
47 1290348 1290348
48 1316160 1316160
49 1342476 1342476
50 1369332 1369332
51 1396716 1396716
52 1424652 1424652
53 1453140 1453140
54 1482204 1482204
55 0000000 1511844
56 0000000 1542072
57 0000000 1572812
58 0000000 1604364
59 0000000 1636452
60 0000000 1669176
61 0000000 1702560
62 0000000 1736616
63 0000000 1736616
64 0000000 1736616
Last edited by sirhcttarp; 23rd Apr 2009 at 11:59.