Step 2: Retirement Age and Life Span

You can set the plaintiff's retirement age using his worklife expectancy, or you can enter the retirement age yourself. For help modifying the worklife expectancy calculation, see Advanced Options.

Tip:

Due to early retirements, disabilities, and other factors reflected in the data, an individual's worklife expectancy tends to underestimate when that individual will actually leave the workforce. If you have an estimate of when the plaintiff will retire, such as a mandatory retirement age policy at his workplace, you should enter that age. If not, you may want to research typical retirement ages in the plaintiff's profession. Be aware that the standard retirement age of 65 is becoming less common as more workers stay employed longer.

You use the Apply Worklife Expectancy Checkbox, which appears at the top of the Retirement Age controls, to select whether the plaintiff's retirement age is:

•	Calculated using the plaintiff's worklife expectancy.

•	Entered manually.

The checkbox also determines which section of the Retirement Age controls is enabled and which section is disabled.

When the Apply Worklife Expectancy Checkbox is filled, the application:

•	Enables the Worklife Expectancy Values section of the Retirement Age controls.

•	Applies the worklife expectancy to the damages calculations. The worklife expectancy is determined by the Plaintiff Demographics settings and the Advanced Options.

Worklife Expectancy Values

WorklifeExpectancyValues

When the Apply Worklife Expectancy Checkbox is empty, the application:

•	Enables the Manual Retirement Inputs section of the Retirement Age controls.

•	Applies the Retirement Age input to the damages calculations.

•	Applies the Retirement Age Footnote input to the report.

Retirement Age

Enter the age at which the plaintiff will retire.

Retirement Age Footnote

Enter the text for the report footnote that cites the source of the Retirement Age input value.

Manual Retirement Age Inputs

ManualRetirementAgeInputs