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The Actuary The magazine of the Institute & Faculty of Actuaries

Pachydermatous pensions

The BBC reports that elephants employed by the state of Kerala in southern India are to be granted full retirement benefits at the age of 65. They are to be given good food, healthcare, and living conditions according to state forest minister Mr Sudhakaran, who told the state assembly: ‘The Kerala government has issued norms for the upkeep of elephants, which among other things insist that elephants retire from work at the age of 65 years.’

Elephants can live for over 70 years in the wild, but their life expectancy reduces considerably when kept in captivity.

The new provisions will only apply to those elephants employed by the state – those working for private businesses such as circuses will not be covered. PPPs (Private Pachyderm Pensions) are not to be introduced.