Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SkyDancer
A friend of mine who works for Boeing saw this on the counter at a tool room. There was a chart about Boeing retirees and if you waited until sixty-five to retire the average payout was only for eighteen months meaning the retiree died a year and a half after retiring [i.e., at age 66.5 years]. If they retired at fifty-five the payout went over twenty years [i.e., at age 75 years].

That would mean that retiring ten years earlier would extend one's life expectancy by (at least) 8.5 years.

Color me skeptical!

I did a little googling, and this was my first hit:

Some evidence does at first glance appear to exist to support the first claim - that people who work longer die younger than those who retire early.

A paper attributed to the aircraft-maker Boeing shows that employees who retire at 55 live to, on average, 83. But those who retire at 65 only last, on average, another 18 months.

The "Boeing study" has been quoted by newspapers, magazines and pundits. It's circulated on the internet for years. The problem with it is that Boeing itself says it's simply not true.

Later in the same article:

People who retire early because they are seriously ill will make average life expectancy for all retirees of that age look lower.

There's another statistical trap. Some of the people who retire at 55 will die before they reach 65. But of course no-one who retires at 65 will have died before they reached that age. That also distorts the data.

Here's the hyperlink:

http://www.bbc.com/news/magazine-18952037

I'm intrigued by the fact that you say that a friend of yours who works for Boeing told you about this. I wonder if this is a case of the famed "a friend of a friend said that..."

Regards,

41 posted on 12/31/2017 8:20:44 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: alexander_busek

I heard the 18 month death after retirement story at Generous (not) Electric in 1988. I was working 56 hour weeks then at a high stress job. I quit shortly after, killing my self for the company for what?


67 posted on 12/31/2017 8:54:49 AM PST by OftheOhio (never could dance but always could kata - Romeo company)
[ Post Reply | Private Reply | To 41 | View Replies ]

To: alexander_busek

She showed me the chart. Boeing paid out retirement on the average of only 18 months when an employee retired at 65. Their stats, not mine.


148 posted on 12/31/2017 11:50:08 AM PST by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~)
[ Post Reply | Private Reply | To 41 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson