F.A.A. to Propose Raising Pilotsâ Retirement Age
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The head of the Federal Aviation Administration said today that the agency would propose allowing airline pilots to fly until they are 65 years old.
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It was an intense and emotional fight that involved national and international politics, labor disputes, economic struggles and medical research -- all over whether airline pilots can continue to fly five years past the mandatory retirement age of 60.
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US Airways Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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Delta Air Lines Inc.'s pilots union on Tuesday directed its negotiators to work out an agreement to address the early retirement of a large number of pilots, which threatens to push the No. 3 U.S. airline into a Chapter 11 bankruptcy filing.
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United Airlines will have its pension scheme for pilots underwritten by the US agency created in 1974 to protect workers&#39; retirement rights.
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The US pension insurance agency on Thursday asked a federal judge to let it assume responsibility for an underfunded pension plan for pilots at bankrupt United Airlines, arguing that it could help bolster the health of pensions for former and current
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Bankrupt airline US Airways has made a new proposal to its pilots that seeks nearly $1.9 billion in savings through 2009, more than the $1.
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With most of the industry returning to profitability, pilots are demanding that they should recoup some of the pay and other benefits they gave up in recent years.
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The Air Line Pilots Association (ALPA) and Delta Air Lines Inc. have a tentative agreement to stave off an expected wave of early retirements by Delta pilots.
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The US Airways pilots&#39; deal extends through 2009. Along with an 18 percent pay cut, pilots will have to fly more hours each month, likely resulting in more furloughs.
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The government&#39;s pension agency moved to assume responsibility Thursday for United Airlines pilots&#39; pensions, acknowledging as unfortunate but inevitable the carrier&#39;s elimination of defined-benefit plans for its employees.
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The US pension agency on Thursday said it would take over the retirement plans of pilots at bankrupt United Airlines, which are underfunded by $2.9 billion.
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The government has unveiled a blueprint for the biggest overhaul of the nation&#039;s pension system in more than half a century, with a proposal to raise the retirement age to 68 by 2044.
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Leaders of the pilots&#39; union at bankrupt US Airways were considering Friday whether to forward to members a proposed contract renegotiation that includes an average pay cut of more than 18 percent.
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Federal authorities on Tuesday unveiled a plan to hire 12,500 new air traffic controllers to offset an expected wave of retirements, but the controllers union says the proposal came too late
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United Parcel Service Inc.'s UPS.N   pilots' union said on Thursday its members ratified a new labor   contract that took nearly four years to negotiate and provides   wage and pension improvements.
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United Airlines will have its pension scheme for pilots underwritten by the  US agency created to protect worker's retirement rights.