There are those who say Delta and Northwest may go the same route. The government-run pension fund pays out a maximum of $45,000 a year, but that's for people who retire at age 65. For those who retire at age 60, including airline pilots, the payout is only around $28,000 a year.ommercial airline pilots must retire at age 60. That hasn't been a problem in the past because pilots had generous pensions. But with several of the major airlines in bankruptcy, pilots are seeing their pensions reduced and some are fighting mandatory retirement.
To determine how much retired pay you may be eligible to receive, the first step is to calculate the number of equivalent years of service. The formula for computing equivalent years of service for Reserve retired pay at age 60 is fairly simple: Total number of Creditable Retirement Points, divided by 360.
Rifle Marksmanship Score. Determined based on the Marine's score on the rifle range. See conversion chart to convert rifle range scores to promotion points. Physical Fitness Score. Determined based on the Marine's latest physical fitness test. See conversion chart to convert Marine Corps PFT scores to Promotion Points. Average Duty Performance Ratings. A Marine's duty performance is rated periodically by his/her supervisors. The ratings used for promotion points are the average of all the duty performance ratings received since the last change in rank (promotion, demotion, etc).