Originally Posted by
mvoight
Yep, not really logical. Let's retire now, because we have less money to live on in retirement. It seems to me that if you retirement fund is lower than expected, you would want/need to work longer.
Post #36 explains why it is completely logical.
The pilots get a "look-back" period that allows them to use the higher valuations (like the Dow peak of 14,000) instead of today's lower values. That makes a huge difference.