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DRAFT

To All MEC Chairmen:

Gentlemen:

As you know, the Special Association Committee for Age 60 Retirement has, for its objective, the development of measures to enlarge the reasonable career expectancy of professional airline pilots by, among other means, addressing itself to the current FAA age 60 regulation.

It is our fundamental premise that, apart from the loss of some $200,000 or more in career earnings which may be reflected in the premature foreshortening of our careers, it is of equal or greater importance to plan for our later years as productive and effective members of the society, in the same sense that we concern ourselves now with the negotiation of future retirement benefits. Our ability to fulfill a useful and respected economic role in later years will take on even greater importance as normal life expectancy continues to increase, as it will surely do. If we wish to avoid the likelihood that retirement as professional airline pilots will signal the commencement of twenty or more years of enforced idleness and inactivity, the time to act, this Committee believes, is now.