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#11
May 14th 05, 11:29 AM
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On Fri, 13 May 2005 14:26:11 GMT, "Mike Rapoport"
wrote: In 1935, life expectancy was 63. Probably it was a bit higher than that, but your premise is sound. Ever wonder why the magic figure of 65 as the retirement age? Because when Germany instituted the first old-age pension in the 19th century, Otto von Bismark (whose idea it was) asked an economist to tell him at what age most workers were already dead. The answer: 65. So you got the old-age pension only if you beat the odds. Today that would kick in at, what, 77? -- all the best, Dan Ford email (put Cubdriver in subject line) Warbird's Forum: www.warbirdforum.com Piper Cub Forum: www.pipercubforum.com the blog: www.danford.net In Search of Lost Time: www.readingproust.com 
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