SJ started retiring the locos during the 1980s and had finished the task by the mid 1990s.
So to protect themselves, they tend to start retiring en masse.
But will such living standards be sustainable after the baby-boom generation starts retiring in the next decade or so?
Charteris started retiring from writing books following 1963's The Saint in the Sun.
The problem's only going to get worse as we start retiring the old units.
The shares are nonredeemable before June 1, 1992, when a sinking fund will start retiring the issue.
When the 76 million baby boomers start retiring in earnest at the end of this decade, the cost of paying retirement benefits will soar.
When the baby boomers start retiring in three years, Social Security will start heading toward the red.
The baby boomers will start retiring around 2020.
The age wave theory suggests an economic slowdown when the boomers start retiring during 2007-2009.