What's done is done and itâs time to move on. That isâ¦itâs time for the old guys to move on. As you can see from the table listed below, the junior guys at my airline will celebrate 2 mandatory retirements in December 2012 as our pilots begin to hit the new mandatory retirement age.efore the law changed, I was forecast to retire at age 60 in the year 2028 with a seniority number of 201. Thatâs pretty senior at an airline with over 8,000 pilots. Today, if I retire at age 60, I will retire at number 955.
The retained earnings of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period.
1 Excluding employment tax records, files relating to current employees should be retained while they are working for you and at least 7 years after a current or former employee has left or been terminated. 2  For any job applicants who were not eventually hired, keep these files for at least 3 years. If you filed for a deduction for a bad debt or worthless security, the IRS suggests you keep your supporting tax records for 7 years. 2  Under these circumstances, you may generally wish to retain your supportive records for at least 7 years. 3  Employment Tax Records.