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Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

retirement plan

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Old 15th Dec 2009, 21:30
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Join Date: Dec 2007
Location: canada
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retirement plan

hi
i've seen that retirement is 55 @ cathay
how long do you have to work to benefit a full pension ?
Is there any project to make it 60 or 65 ?

thanks
K.
kesskidi is offline  
Old 15th Dec 2009, 21:42
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Some people retire at 55, some can retire/die later.
There are a myriad of different contracts, with different conditions and payscales.
Pensions - you are likely to receive a lot of replies.
Simple answer - no pension
Provident fund is a different matter.
If one joined before 94, there is a defined benefit lump sum payout.
If a crew joined after 94, there is what I think best termed a variable input fund with an even great variable payout.
This latter option is at the mercy of the markets.
Clear as mud?
LongTimeInCX is offline  

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