With the decision of retirement facing thousands of Major pilots this month here is some data worthy of discussion:
Longevity Vs. Retirement Age
“Dr. Ephrem (Siao Chung) Cheng provided the important results in the
following table from an actuarial study of life span vs. age at
retirement. The study was based on the number of pension checks sent
to retirees of Boeing Aerospace.“
Age at Retirement / Average Age at Death
49.9 / 86.0
51.2 / 85.3
52.5 / 84.6
53.8 / 83.9
55.1 / 83.2
56.4 / 82.5
57.2 / 81.4
58.3 / 80.0
59.2 / 78.5
60.1 / 76.8
61.0 / 74.5
62.1 / 71.8
63.1 / 69.3
64.1 / 67.9
65.2 / 66.8
“This indicates that for people retired at the age of 50, their
average life span is 86; whereas for people retired at the age of 65,
their average life span is only 66.8. An important conclusion from
this study is that for every year one works beyond age 55, one loses 2
years of life span on average.”