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for training, on the line in jet aircraft.
a) Pilots with very little flight time.
b) Pilots who, if they fly until age 60, will earn in excess of a million dollars and
c) Pilots who will retire with benefits of $25,000 to $30,000 for life but these pilots have very little protection in case of disability.
6. Inflation is here to stay.
a) It takes $13,000 today equal $5,000 income in 1939 because of taxes and inflation- $30,000 to $10,000 in 1939

CONCLUSION: Since any pilot at 42 can, if he only lives a normal expectancy look forward to living on retirement for more years than he will fly Jets, it is imperative that Disability and Retirement be the most important item in next negotiations. 

SUGGESTION: Amend the plan so that benefits are a percentage of average recent earnings, multiplied by year of service. Many companies use this method including Standard Oil of New Jersey, which is 1.6% x years of service x average of best 5 of last 10 years earnings. This is for age 65 retirement.
Since Jets brought on forced retirement at age 60 for pilots, I feel that 1.75% x the average of best 3 of the last 5 years x the years of service should be a minimum, with "the cost of living" to be applied if the "B" Fund fails to equal or exceed the "cost of living" index. Then adequate disability benefits can [[strikethrough]] btw [[/strikethrough]] be insured to Age 60 as a percent of salary.
A Disability and Retirement Plan of this type, with benefits second to no other Carrier, would benefit EAL, as a Company, and help to put us where we should be in the AirLine Industry. I, frankly, question