Question

McLean’s medical condition is such that he is unable to ever work again. At the time of his injury: McLean was 53 years of age; his life expectancy was 77 years of age; he would have been expected to retire at the age of 65; he was an employee of the United States Postal Service covered by a union contract projecting his wages to rise by 3% per year in real terms plus an annual Cost of Living Adjustment (COLA) equal to the rate of inflation; and his then current annual gross salary was $48,000.what is the amount of money he is forfitting by not being able to work based on these factors?

Answer 1