Railroad Retirement Information
Longevity of Railroad Retirement Beneficiaries
For Publication: April 2004
(Forwarded by Wally Smith)
Every three years, the Railroad Retirement Board's Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. The following questions and answers summarize the results of the most recent longevity study.
1. What were the study’s findings on the life expectancy
of retired male railroaders?
The most recent data reflected a continued improvement in longevity. Using data through the year 2000, the study indicated that, on the average, a male railroader retiring at age 60 can be expected to live another 20.1 years, or approximately 241 months. Studies done three, six and nine years ago indicated life expectancies of 19.8, 19.5, and 19.1 years, respectively, for this category of beneficiary. The study also indicated that a male railroader retiring at age 62 can be expected to live another 18.5 years (222 months), while the previous three studies indicated life expectancies of 18.2, 17.9, and 17.5 years, respectively. A male railroader retiring at age 65 can be expected to live another 16.1 years (approximately 193 months). The previous studies indicated life expectancies of 15.8, 15.5, and 15.2 years, respectively, for this category of beneficiary.
2. How did these life expectancy figures compare to those
of disabled annuitants?
As would be expected, disabled annuitants have a shorter average life expectancy, but the difference decreases with age. At age 60, a disabled railroader has an average life expectancy of 15.1 years, or 5 years less than a non-disabled male annuitant of the same age; at age 65, a disabled annuitant has an average life expectancy of 3.8 years less than a non-disabled 65-year-old annuitant; and at age 70 the difference is only 2.7 years.
3. Are women still living longer than men?
In general, women still live longer
than men. This is shown both in the
Board's life expectancy studies of male and female annuitants and by other
studies of the general
4. Can individuals use life expectancy figures to predict
how long they will live?
Life expectancy figures are averages for large groups of people. Any particular individual's lifetime may be much longer or shorter than the life expectancy of his or her age and group. According to the study, from a group of 1,000 retired male employees at age 65, 905 will live at least 5 years, 752 at least 10 years, 555 at least 15 years, and 329 at least 20 years. Of female age annuitants at age 65, 502 will be alive 20 years later.
5. How do the life expectancies of railroad retirement
annuitants compare with those of the general population?
While exact data were not available for direct comparison, data available to the Railroad Retirement Board did not indicate significant differences. The entire longevity study can be obtained by going to the Board's Web site at www.rrb.gov and clicking on "Statistics" under "News & Publications."
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