Sentences with phrase «lifetime earnings works»

Not exact matches

He notes that the stylized individual with earnings that track the YMPE closely over an entire working career are rare and that replacement rates for people who have lifetime average earnings close to the YMPE often have replacement rates from OAS and CPP well below 40 %, as a result of fluctuations in their earnings in relation to the YMPE.

However, more and more women are not taking the maternity leave to which they are entitled for fear of disadvantages in the work place for their careers and, in the long run, even for their pensions, which in Germany are mostly based on lifetime earnings.

Webber calculated these earnings over the course of a working lifetime, from 18 to 64 years; that's 46 years or 552 months.

The value of lifetime earnings for full - time work for the average American is currently $ 1.16 million.

For the average American entering the labor force, the value of lifetime earnings for full - time work is currently $ 1.16 million.

Working longer can also boost the eventual size of your Social Security check, as each year you delay claiming Social Security up to age 70 increases your benefit by roughly 7 % to 8 % a year, possibly more since the extra years of work may boost the lifetime earnings calculation the Social Security Administration makes to determine your monthly benefit.

Benefit Payment Amount - Your benefit payment is based on how much you earned during your working career, so higher lifetime earnings result in higher benefits.

If you really want to be nice, you can ensure your family never has to work again for their lives with a policy in the $ 1.5m - 2m range (average lifetime earnings potential of a U.S. wage earner), but consider that, in a given year of your working life, you have about a 0.45 % chance to die, I personally don't lose much sleep with a quarter - mil coverage limit (and I don't even need a physical for that much).

If your injuries prevent you from ever working again, then the negligent party must pay you for a lifetime of lost earnings.

For example, if an office worker breaks his little toe in an accident and then decides never to work again, even though he could easily return to work, then it would be unfair for the wrongdoer to pay for the office worker's lifetime of lost earnings.

If your injury results in you being unable to return to work at all, or leaves you with permanent or partial disability that will affect your future earnings, you may be entitled to the lifetime amounts that are no longer available to you.

The discount rate is the calculation of lifetime earnings through low risk investment that is used by courts when working out appropriate lump sum compensation payments for victims of life - changing injuries.

For example, a worker earning average wages can expect a retirement benefit that replaces about 40 percent of his or her average lifetime earnings.2 If you haven't worked for at least 35 years, zeros are averaged into the calculation, which can lower your payout.

When each member of a married couple works in employment covered under Social Security and both meet all other eligibility requirements to receive retirement benefits, we calculate their lifetime earnings independently to determine their benefit amounts.