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Major Airline Early Retirements
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.” |
Guess the gummers better make sure that they take their precious $$$ with them. Cause that's what's important.
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They'll have to re-evaluate their data once the "Fly till 85" campaign passes.
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Originally Posted by Phuz
(Post 1002357)
With the decision of retirement facing thousands of Major pilots this month here is some data worthy of discussion:
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Originally Posted by Pineapple Guy
(Post 1002376)
Your chart is an urban legend. See: Retiring early means a longer life – an urban myth? :: squareCircleZ
Thanks for posting that. That being said I still hope that many consider taking an "early":mad: retirement before 65 and enjoy many years of retirement and health. I'm not yet 50 and find the work is constanly interfering with my leisure activities and interests. I hope our next contract provides a standard of compensation and benefits that gives us the ability to financially retire at 60 as the norm. :D |
Originally Posted by TANSTAAFL
(Post 1002386)
PG
Thanks for posting that. That being said I still hope that many consider taking an "early":mad: retirement before 65 and enjoy many years of retirement and health. I'm not yet 50 and find the work is constanly interfering with my leisure activities and interests. I hope our next contract provides a standard of compensation and benefits that gives us the ability to financially retire at 60 as the norm. :D |
My old man was peeved that he had to be pushed out the door at 60... flying biggest plane and the best schedules, making the best money. In hindsight he is very happy that he had to go at 60. He's only flown an airplane once since his retirement... very involved with church, golfing, and staying in shape. Plus travelling various places around the world.
Hint hint to those of you on the edge. :D |
Looks like I have less than ten years to go if I want to make my goal of having my kids change MY diaper (and hopefully that occurs in my late 80's or later). Thanks for the chart!!!
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Originally Posted by TANSTAAFL
(Post 1002386)
PG
Thanks for posting that. That being said I still hope that many consider taking an "early":mad: retirement before 65 and enjoy many years of retirement and health. I'm not yet 50 and find the work is constanly interfering with my leisure activities and interests. I hope our next contract provides a standard of compensation and benefits that gives us the ability to financially retire at 60 as the norm. :D |
So if you never work, you will live forever?
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