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| Selected Characteristics
of Private Pension Plan Recipients Ages 55 and Over by work status and type of benefit |
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| Item | In Labor Force | Retired | ||||
| Annuity and Lump Sum | Annuity Only | Lump Sum Only | Annuity and Lump Sum | Annuity Only | Lump Sum Only | |
AGES 55 AND OVER |
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| Number of Recipients (in thousands) |
247 | 801 | 1,320 | 1,161 | 4,626 | 1,431 |
| Men | 186 | 605 | 762 | 815 | 3,095 | 644 |
| Women | 62 | 196 | 558 | 346 | 1,531 | 787 |
| Median Age at Initital Benefit Receipt | ||||||
| Annuity | 58 | 59 | - | 62 | 62 | - |
| Lump Sum | 56 | - | 50 | 61 | - | 61 |
| Pre-Retirement Earnings1/ (1994 dollars) | ||||||
| Mean | 55,179 | 48,443 | 48,492 | 51,128 | 44,035 | 34,453 |
| Median | 45,493 | 38,502 | 35,895 | 43,011 | 35,442 | 26,020 |
| Annuity Benefit Amount | ||||||
| Mean Annual Amount | 9,660 | 10,951 | - | 12,107 | 8,601 | - |
| Median Annual Amount | 5,400 | 6,600 | - | 8,124 | 5,100 | - |
| Lump Sum Amount (1994 dollars) | ||||||
| Mean Amount | 38,339 | - | 26,417 | 40,834 | - | 32,899 |
| Median Amount | 17,871 | - | 10,837 | 20,827 | - | 12,629 |
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1/For recipients of both an annuity and a lump sum, the pre-retirement earnings are for the year prior to the start of the annuity. SOURCE: Retiree Pension and
Health Benefits Supplement to the September 1994 Current Population Survey. |
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