Age 65 - you won't have much time to enjoy the $$
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Age 65 - you won't have much time to enjoy the $$
Just thought I'd put this little gem here - Actuarial study results.
And my advice is to not work much beyond 65.2 ok?
Age at Retirement - Average Age At Death
49.9-86
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
59.2-78.5
60.1-76.8
61-74.5
62.1-71.8
63.1-69.3
64.1-67.9
65.2-66.8
And my advice is to not work much beyond 65.2 ok?
Age at Retirement - Average Age At Death
49.9-86
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
59.2-78.5
60.1-76.8
61-74.5
62.1-71.8
63.1-69.3
64.1-67.9
65.2-66.8
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I agree with the concept, however you can play with numbers, does retiring at 70 and therefor dying at some point after mean it is better than retiring age 65 and dying aged 66...
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Who conducted the study? What geographic area was covered? When was the study conducted. What was the gender/race of the participants?
Without some accreditation these number could have been generated by a 5 year old ...... or a CX Pilot!!
Without some accreditation these number could have been generated by a 5 year old ...... or a CX Pilot!!
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It's true - retiring late means you won't live long to enjoy it. My grandfather retired at 92. He was dead two years later. My mother (his daughter) has taken that on board and she's still working although she's 82. She doesn't want to retire; she knows what may happen!
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To answer the questions about where the data comes from - it was research commissioned and paid for by Boeing, Lockheed, Bell labs and a few others.
They were trying to figure out if it was cheaper to let employees retire early and replace them with younger, less paid employees - but then having to pay pensions out for longer to the early retirees. Or if it was cheaper to keep the older employee ( read A scaler ) around till 65 or so at a higher salary but then never paying much pension to him since he dies quicker
The original study literally consisted of them counting pension checks sent to ex Boeing employees over a period of time...fun stuff!
Cathay of course got around all of that by getting rid of both the A scale and the pension fund. So all that remains is for you to shorten your life by working longer while the company wins all the way...
Oh and please do it in check and training - that should take a few more years off your life expectancy.
They were trying to figure out if it was cheaper to let employees retire early and replace them with younger, less paid employees - but then having to pay pensions out for longer to the early retirees. Or if it was cheaper to keep the older employee ( read A scaler ) around till 65 or so at a higher salary but then never paying much pension to him since he dies quicker
The original study literally consisted of them counting pension checks sent to ex Boeing employees over a period of time...fun stuff!
Cathay of course got around all of that by getting rid of both the A scale and the pension fund. So all that remains is for you to shorten your life by working longer while the company wins all the way...
Oh and please do it in check and training - that should take a few more years off your life expectancy.
Last edited by yokebearer; 9th Jun 2012 at 15:19.
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Oh please.... A perfect inverse corellation of retirement vs age at death.... Linear with no anomalies whatsoever ..... How very believable... What's the phrase that springs to mind... "Lies, damn lies, and statistics"
Utter nonsense
Utter nonsense
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Having retired a few years ago, then become intolerably bored (as Memsahib Neppie will vouch) I am now working again, with a new company in a different neck of the woods.
Does that give me a new lease on life? It certainly feels like it!
Does that give me a new lease on life? It certainly feels like it!
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My grandad is 84, legally retired 20 years ago but still works part time as a taxi driver. Doctor says he's the healthiest person over 80 he's ever met.
Throw that are their study!
Maybe you should retire then come live in the UK.
Throw that are their study!
Maybe you should retire then come live in the UK.
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Lies, damn lies etc...
I'm with sorvad on this. I knew someone who retired at 65 and lived to 92, when, according to the stats, he should have died at 67 or so. I also know someone who retired at 57 and is still going strong at 88. To be fair, neither of them worked for the companies that commissioned the study.
To extrapolate from sizematters' observation, never work, never die. That can't be right can it?
STP
To extrapolate from sizematters' observation, never work, never die. That can't be right can it?
STP
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Everyone's heard of someone who started smoking at 16 and lived until they were 95, always smoking.
Everyone's heard of someone who started smoking at 16 and died of lung cancer at 30.
Everyone knows there are countless evidence-based scientific studies that prove smoking kills people, and that smokers die at much higher rates/younger ages than non-smokers.
How about skipping the rumours and biased anecdotes and instead finding and quoting properly-conducted, peer-reviewed, aircrew-relevant studies using the scientific method to reach conclusions? Does the one above meet these criteria? Can't find another one? If not, then there is no scientific conclusion to be made yet.
Finding lots of anecdotal support online? Great! Then keep it in the rumours department, right where it is, until a valid scientific conclusion can be stated.
However, it seems to be common sense, and there are plenty of valid scientific studies proving much of this, that the longer one drives the body through the night and misses sleep, messing with their circadian rhythm, eating poor quality airline and hotel food, drinking during layovers, feeling tired even after sleeping, enduring the air and radiation of airline travel, stressing the body and brain with fatigue, waking too early, not sleeping until too late, or not sleeping at all, while using sleeping pills or alcohol to "aid" rest, while dealing the the stress of a flying career, industry uncertainty, airline management, rostering abuse, a lack of leave, missed holidays/birthdays/anniversaries/family landmark moments/etc., and hoping to time the housing and stock markets properly.....well, the longer one has all of these work- and pre-retirement-related factors in their lives, it just seems to make sense that all of these things would shave years off their future rather than add to it.
Everyone's heard of someone who started smoking at 16 and died of lung cancer at 30.
Everyone knows there are countless evidence-based scientific studies that prove smoking kills people, and that smokers die at much higher rates/younger ages than non-smokers.
How about skipping the rumours and biased anecdotes and instead finding and quoting properly-conducted, peer-reviewed, aircrew-relevant studies using the scientific method to reach conclusions? Does the one above meet these criteria? Can't find another one? If not, then there is no scientific conclusion to be made yet.
Finding lots of anecdotal support online? Great! Then keep it in the rumours department, right where it is, until a valid scientific conclusion can be stated.
However, it seems to be common sense, and there are plenty of valid scientific studies proving much of this, that the longer one drives the body through the night and misses sleep, messing with their circadian rhythm, eating poor quality airline and hotel food, drinking during layovers, feeling tired even after sleeping, enduring the air and radiation of airline travel, stressing the body and brain with fatigue, waking too early, not sleeping until too late, or not sleeping at all, while using sleeping pills or alcohol to "aid" rest, while dealing the the stress of a flying career, industry uncertainty, airline management, rostering abuse, a lack of leave, missed holidays/birthdays/anniversaries/family landmark moments/etc., and hoping to time the housing and stock markets properly.....well, the longer one has all of these work- and pre-retirement-related factors in their lives, it just seems to make sense that all of these things would shave years off their future rather than add to it.
Last edited by Iron Skillet; 10th Jun 2012 at 01:29.
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The guy who can retire early must have taken care of his finances , chances are he also took care of his health using the same disiplined approach. Thats my thoughts on why the guys who retire early also live longer.
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Health Insurance
Don't forget health insurance. It is still expensive in the US and we don't get any Medicare until age 65 anyhow. Not saying health insurance will make you live longer though. It sure does help when our yearly blood work etc is paid for. The point being that most of us with health insurance get it from our employers, so we need to keep our jobs longer.
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I think that by saying "most of us" you mean "only the Americans" who somehow still refuse to just give everyone free or very cheap but high/good quality doctors, nurses, medicine, operations, therapy, treatment, hospital stays, maternity care, etc., like everyone else in the first world, and much of second and third world too.
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The good old duke with bladder infection turned 91 today ... British mofo's dont die , they live to enjoy all their pension and benefits !!!
Take all you can give nothing back
Take all you can give nothing back