She is more than 105 years old and still collecting pension benefits from the Teamsters Central States, Southeast & Southwest Conferences Pension Fund.
The Rosemont, Ill.-based Central States fund, which had $18.7 billion in assets as of Dec. 31, has been paying a pension to her for 41 years.
“The plan's oldest living retiree was born in 1908,” Central States posted on its website. “She retired in May 1973 at age 64. She receives $130 per month and has received 481 benefit checks” for a total “$63,000 in benefits.”
The woman, whose name was unavailable, has beaten the odds in her longevity.
Females born in 1908 had a life expectancy of either 53.59 years or 62.89 years, using, respectively, period and cohort tables of the Social Security Administration. The period table makes no allowance for projected mortality changes, while the cohort table takes mortality improvements into account.
Females reaching age 65 in 1974 had a life expectancy of either 17.66 more years or 21.65 more years, using the period and cohort tables.
Females reaching age 100 in 2008 had a life expectancy of either 2.17 more years or 3.73 more years.
Her benefits represent part of the Central States' $35.3 billion in liabilities.
The Central States plan was 47.6% funded based on $16.7 billion in assets as of Jan. 1, 2013, according to its latest funding notice.
Mark Angerame, Central States chief financial officer, couldn't be reached for comment.
