Anita currently has 25 years of service and a final average annual salary of $37 000 over

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Anita currently has 25 years of service and a final average annual salary of $37 000 over her last five years of employment. She was looking forward to retirement, but has been offered a promotion. If she continues to work for five more years and increases her average annual salary to $47 000, how will her monthly pension benefit from her defined benefit plan change? Anita earns an annual pension income of 2 percent for her average annual salary
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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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