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Old 27th Feb 2008, 21:07
  #21 (permalink)  
 
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"the majority of age 55 ex service retirees don't live to see 60"

I've heard that quoted often enough, but never actually seen the stats to back it up.

Anyone got them?



95.8% of all statistics are made up on the spot
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Old 5th Mar 2008, 11:23
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"You can prove anything with facts!"
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Old 5th Mar 2008, 15:07
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"the majority of age 55 ex service retirees don't live to see 60"
The figure my father quoted was that the average RN officer leaving at 55 drew their pension for seven years - he tended not to make thing up, so it may well have been true.

He drew his for nearly fifteen years
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Old 5th Mar 2008, 20:17
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Pension drawing

When I got married in the '60s, my new FiL was just about to retire and had joined the Officer's Pension Society. In their introductory bumf they claimed that the average length of time for a full career officer drawing his pension was 5 years. That was one of the arguments mooted in those days for "always commute the max you can". A fair few years later when I was beginning to pay attention to pension it had crept up to 7.5years. Dunno what it is now - But one chap I know retired at 68!
The Ancient Mariner
BTW said FiL died aged 89 claiming he was chuffed to have beaten the actuaries.

Last edited by Rossian; 5th Mar 2008 at 20:19. Reason: PS
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