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| Selected Characteristics
of Private Pension Plan Recipients Ages 65 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 65 AND OLDER |
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| Number of Recipients (in thousands) |
105 | 363 | 292 | 872 | 3,813 | 944 |
| Men | 83 | 275 | 148 | 614 | 2,533 | 465 |
| Women | 22 | 89 | 143 | 258 | 1,280 | 480 |
| Median Age at Initial Benefit Receipt | ||||||
| Annuity | 63 | 62 | - | 62 | 62 | - |
| Lump Sum | 62 | - | 58 | 62 | - | 63 |
| Pre-Retirement Earnings1/ (1994 dollars) | ||||||
| Mean | 61,764 | 47,038 | 45,031 | 52,119 | 44,173 | 36,113 |
| Median | 58,129 | 35,442 | 35,100 | 43,368 | 34,194 | 26,000 |
| Annuity Benefit Amount | ||||||
| Mean Annual Amount | 9,367 | 10,434 | - | 10,861 | 7,840 | - |
| Median Annual Amount | 4,308 | 6,000 | - | 6,612 | 4,800 | - |
| Lump Sum Amount (1994 dollars) | ||||||
| Mean Amount | 41,619 | - | 36,115 | 41,776 | - | 34,965 |
| Median Amount | 17,217 | - | 13,559 | 19,723 | - | 16,463 |
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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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