Postponing the shuttle's retirement could pull resources from the development
of its
replacement, since keeping the shuttle flying is estimated to cost $ 2.5 billion to $ 4 billion
per year, and some shuttle facilities might be
needed to test and build Ares I and Orion.
Here is what you
need to know about Income
Replacement Benefits (IRB's): • IRB's are calculated at 70 % of your average gross income based on your employment history o Your income is calculated as the higher of either (i) the 52 weeks before the accident OR (ii) the 4 weeks before the accident multiplied by 13 o Self - employed income is calculated as the higher of either (i) the 52 weeks before the accident OR (ii) the last fiscal year o If you are receiving other income replacement assistance, such as short term or long term disability benefits, those amounts are deductable from the amount of your IRB eligibility • IRB's are capped at $ 400 per week • The first 7 days of your disability are not covered by IRB's • IRB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely, if after the 2 year mark you are unable to do any occupation for which you are reasonably suited by way of your education, training and experience • The age 65 marks changes in IRB's o If you are already over the age of 65, IRB's are payable up to 208 weeks and gradually reduced over that period o If you reach the age 65 while already receiving benefits, the IRB is converted to a lifetime pension at a reduced rate based on an establis
Replacement Benefits (IRB's): • IRB's are calculated at 70 %
of your average gross income based on your employment history o Your income is calculated as the higher
of either (i) the 52 weeks before the accident OR (ii) the 4 weeks before the accident multiplied by 13 o Self - employed income is calculated as the higher
of either (i) the 52 weeks before the accident OR (ii) the last fiscal year o If you are receiving other income
replacement assistance, such as short term or long term disability benefits, those amounts are deductable from the amount of your IRB eligibility • IRB's are capped at $ 400 per week • The first 7 days of your disability are not covered by IRB's • IRB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely, if after the 2 year mark you are unable to do any occupation for which you are reasonably suited by way of your education, training and experience • The age 65 marks changes in IRB's o If you are already over the age of 65, IRB's are payable up to 208 weeks and gradually reduced over that period o If you reach the age 65 while already receiving benefits, the IRB is converted to a lifetime pension at a reduced rate based on an establis
replacement assistance, such as short term or long term disability benefits, those amounts are deductable from the amount
of your IRB eligibility • IRB's are capped at $ 400
per week • The first 7 days
of your disability are not covered by IRB's • IRB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely, if after the 2 year mark you are unable to do any occupation for which you are reasonably suited by way
of your education, training and experience • The age 65 marks changes in IRB's o If you are already over the age
of 65, IRB's are payable up to 208 weeks and gradually reduced over that period o If you reach the age 65 while already receiving benefits, the IRB is converted to a lifetime pension at a reduced rate based on an established formula
For example, if your family survives on a budget
of $ 100,000
per year now and you want to provide income
replacement for 20 years, not accounting for inflation or investment returns, your family will
need a nest egg
of $ 2,000,000.