Worklife and Retirement for Children and Young Adults |
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Worklife and Retirement for Children and Young Adults |
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Worklife tables have minimum ages that typically vary with education level. For example, in many tables the minimum age for individuals with a high school education is 18, while in other tables the minimum is 17. The minimum age rises as education increases. See example shown below.
In situations where the individual is younger than the minimum age at the selected education level, retirement age is calculated by adding the worklife expectancy at the minimum age to the minimum age. For example, using the data shown below, for an individual younger than 20 with an eduction level of 15 years or more who is active in the workforce (All Active 15 Years or More), the calculated retirement age would be 60.2 (= 20 + 40.2).
Worklife Table Minimum Ages (Example)
