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-13- Table IV Approximate costs and benefits of the proposed Air Line Pilots' Retirement Plan, as presently constituted, to a First Pilot who has 15 years of service as of the date of the enactment of the Plan. (It is assumed as a basis for computation of benefits that his 1948 salary was at a rate of $12,000 per year.) [[7 Columned Table]] | Years of Service | Salary per Year | Complete Disability | Occupational Disability | Retirement at Age 60 | Survivor Benefits "Insurance Amount" | Cost per Year | | --- | --- | --- | --- | --- | --- | --- | | 15 | $12000 | $200/mo. | $200/mo. | $165.00 | $90.00 | None | | 16 | 12000 | 200.00 | 200.00 | 176.00 | 90.90 | $930.00 | | 17 | 12000 | 200.00 | 200.00 | 187.00 | 91.80 | 930.00 | | 18 | 12000 | 200.00 | 200.00 | 198.00 | 92.70 | 930.00 | | 19 | 12000 | 200.00 | 200.00 | 209.00 | 93.60 | 930.00 | | 20 | 12000 | 200.00 | 200.00 | *200.00 | 94.50 | 930.00 | Cost for first 5 years - $4,650.00 *Could retire at 50 on $73.00 per month or at age 55 at about $145.00 per month. | 21 | $12000 | $200/mo. | $200/mo. | $231.00 | $95.40 | $930.00 | | 22 | 12000 | 200.00 | 200.00 | 242.00 | 96.30 | 930.00 | | 23 | 12000 | 200.00 | 200.00 | 253.00 | 97.20 | 930.00 | | 24 | 12000 | 200.00 | 200.00 | 264.00 | 98.10 | 930.00 | | 25 | 12000 | 200.00 | 200.00 | *277.00 | 99.00 | 930.00 | Total cost - $9,300.00 *Could retire at age 50 on $92.00 per month, or at age 55 at $184.00 per month.
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