Anita currently has 30 years of service with her employer and is ready to retire. Her average

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Anita currently has 30 years of service with her employer and is ready to retire. Her average best five consecutive years of income are used to calculate her annual pension. Her earnings for the past seven years, which represent her best earnings years, are listed in the table below. What will be her annual pension if she earns a pension based on a rate of 2 percent?

2010 2011 2012 2013 2014 2015 2016 $56 000 $64 000 $67 000 S67 000 S61 000 S72 000 S75 000

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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