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Consider a workers compensation program that replaces 50% of a disabled workers previous weekly salary up to a maximum of $300/week for as long as
Consider a workers compensation program that replaces 50% of a disabled workers previous weekly salary up to a maximum of $300/week for as long as the worker is out of work. As soon as the individual works even one hour, all benefits are taken away. Jim and Ted both worked for the same firm and were injured in the same accident. Both worked full time (40 hours/week) prior to the accident, with Jim earning $20/hour and Ted earning $10/hour.
- How much in weekly workers compensation benefits is each worker entitled?
- What percentage of each worker's previous weekly salary is replaced under the income management program?
- Assuming both Jim and Ted are free to return to their previous jobs at their previous salaries when healthy, how many hours must each person work per week to replace the income they were receiving while collecting disability?
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