Why do you think the government keep raising the retirement age, they don't want you to reach pension age
Location: KY - Scotland
Posts: 5,470
I'm Mike.
Why do you think the government keep raising the retirement age, they don't want you to reach pension age
Interesting they based their research on Boeing. I worked for BA in the early 80’s and the old boys who I worked with would regularly scan the obituaries of the internal BA Newspaper, amazing the amount of names they knew who had only retired a year or two before...
Listening in a Foo free Zone...
Only a Sith deals in absolutes.
At the risk of stating the bleedin' obvious, LEB has increased and continues to do so. We now die slowly from chronic expensive to manage health problems. Furthermore, past investments in retirement have been too low for most people to retire comfortably.
Don't get me started on these statistics. The conclusions, such as are implied not stated are wrong and for many reasons!
Phased retirement is a practical solution for some. I am 65 in March but the state pension kicks in during September. When you reach your state pension age you dont pay NI saving 12% tax. I will drop down to 4 days a week,then three a year of so later. My job is fairly active so I prefer to keep going for now.
Jerry
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Location: Moved to frozen north, beyond Inverness
Posts: 2,602
I'm Dave.
It's difficult to be sure from that article, as different people are - well, different. The article specifically refers to corporate employees - who seem to be working in the airline industry. It could be that such industries are indeed injurious to health. [though I doubt that there is anything very specific ....]
I"m hoping the "rules" specified in the article don't apply to me, as I did indeed pass the retirement age for my last employment, and for various reasons stayed on a few months beyond the appointed date in order to process a particular project. Maybe now I'm living on borrowed time - I hope it's not too bad.
I have known people who retired, and then died fairly shortly afterwards. One in particular died from cancer. It seems unlikely that his work would have caused that, though people commented that if had retired earlier he would perhaps have had at least a few pleasant years before going to glory.
Sometimes people retire early specifically because they have a medical condition. Some are very lucky, and then survive for a long while afterwards, while others "prove" the actuarial assessment by passing over within a short while, and thus reduce their burden on the pension companies, and in some cases the state.
I know one person, who despite being seriously ill, seems to prefer paid work and related activity to being idle. He is over 70.
I know others who have been seriously ill who seem to be enjoying life, and are certainly more active and fitter than I am. On the other hand, I knew one former colleague who was apparently very fit, and went running most days even in his 40s. He was a very fast runner, and could compete even with people 20 years younger. One day he went out for a run, and collapsed on his return. I have outlived him by at least 25 years.
The article also refers to dying from "stress", which over years has been a somewhat vague and unspecified medical condition. I think it does exist, but is not well specified. It may be physical - but most people nowadays are not doing manual labour. It may be mental. It could also be lifestyle related - perhaps people who feel stressed drink more, eat more, smoke more, do drugs, or don't do enough exercise. Or not ... There are so many possible factors.
A few things I specifically did not like at work were trying to reconcile impossible constraints. Pressure to "get things done", even though the resources including available time were insufficient. I also did not like conflict, nor the "games" that some people play in order to improve their own "advancement". However, I was probably rather unusual - and I have to confess probably did not fit into a conventional pattern of a "typical" employee.
I hope that I can continue to enjoy life for a good number of years yet.
Dave
Location: Moved to frozen north, beyond Inverness
Posts: 2,602
I'm Dave.
"there are lies, damned lies and statistics"
I retired early nearly ten years ago and I'm glad I did, although I could possibly do with more productive ways to occupy my time, you get a bit blase' about it all after a while.
I do think there's an element of truth in the idea that people die earlier the longer they work, I've seen examples. On that basis though, my wife should live forever, she's never done a stroke of decent work in her life .
It is impossible for anything digital to sound analogue, because it isn't analogue!
It is impossible for anything digital to sound analogue, because it isn't analogue!
Location: gone
Posts: 11,519
I'm gone.
Then again, there are lies damn, lies and misquoted articles.
The article actually says "An actuarial study conducted on some of the larger US Pension Funds including Boeing Aerospace, indicates that employees who retired at the age of 65, died within two years of retirement."
So it seems to be from data across a range of large US companies, including Boeing, so probably not only aerospace companies.
Me and the mrs quit work in our mid-40s (good salaries, no kids) and that was over 17 years ago, and we ain't dead yet.
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