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Joint Economic Committee Democrats
Pension Charts
Chart 1.3
Last updated 7/25/06
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Among all men aged 65 or older and receiving pension income in 2004, half received benefits of $12,000 or less. This was nearly twice the median pension benefit level of $6,600 among women aged 65 or older.
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Among those receiving a pension, the median benefit for black men was only slightly less than the median benefit for white men. The median benefit for black women, however, was higher than the median benefit for white women. A higher median benefit likely reflects a greater proportion of former government employees among black women compared with white women. Government pensions are typically larger than private pensions to make up for the lack of Social Security coverage for some government employees.
Note: Households aged 65 or older include unmarried individuals and married couples in which at least one spouse is 65 or older. Pensions include private pensions and annuities, government employee pensions, regular payments from an IRA, Keogh, or 401(k) plan, and Railroad Retirement benefits. Median values are based only on those households with non-zero pension income.
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