1. Phil worked for Morton Industries for 30 years. His compan for each year of service as his monthly pension pack industries for 30 years. His company offered him a flat amount of $59 a of service as his monthly pension package. After one year, he was nome 1.97% cost of living adjustment to his monthly pension benefit. Determine monthly pension benefit. 2. Brad is retiring after 37 years at PK Industries. The company offers him a flat yearly retirement benefit of $1167 for each year of service. What will be his monthly pension