wage replacement
Substitute for earnings
Wage replacement is income that substitutes for lost earnings, typically from insurance or government programs.
Workers' compensation, disability insurance, and unemployment benefits all provide wage replacement when someone can't work due to injury, illness, or job loss.
The term often appears in policy discussions: The program offers 60 percent wage replacement for the first six months.
- disability benefitsPayments for those unable to work
- severance payCompensation upon job termination
- survivor benefitsPayments to deceased's dependents
- workers' compensationEmployer-funded injury benefits
- income protectionInsurance replacing lost wages
pension benefits · rehabilitation services · unemployment insurance · paid leave · holiday pay · bereavement leave · sick pay · overtime pay · safety net · hazard pay · back pay · indemnity · employers · death benefits · paycheck · benefit check · public assistance programs · claim filing
wage replacementearned income
Pay from work
salary · employment income · wages · hourly pay · direct pay
wage replacementperformance-based pay
Earnings determined by results
merit pay · productivity bonus · piece rate · billable hours