Worklife and Retirement for Children and Young AdultsApplies To: All Applications |
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Worklife and Retirement for Children and Young AdultsApplies To: All Applications |
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Worklife tables have minimum ages that typically vary with education level. For example, in many tables the minimum age for individuals with a high school education is 18, while in other tables the minimum is 17. The minimum age rises as education increases.
Worklife Table Minimum Ages (Example)
Previous releases of the Damages Advocate applications returned "NA" for worklife expectancy when the individual's age was lower than the minimum in the data table for the selected eduction level. For example, using the data shown above, if the individual was 17 and the selected education level was HS to 14 Years (high school to two years of college), the calculations would return "NA" for the worklife expectancy, since those data points are empty.
In the current release the calculations have been modified to provide a retirement date in these situations. This is accomplished by adding the worklife expectancy at the minimum age to the minimum age to calculate retirement age. For example, using the data shown above, for an individual younger than 20 with an eduction level of 15 years or more who is active in the workforce (All Active 15 Years or More), the calculated retirement age would be 60.2 (= 20 + 40.2).
When this adjustment is applied, the age used to calculate worklife and retirement appears in the Case Overview section of the report, labeled "Reference Age for Worklife". It appears between the Age at Injury and the Projected Retirement Age:
