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5. In order to value the benefits in a final salary pension scheme as at 1 January 2008, a salary scale, Sx, has been defined

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5. In order to value the benefits in a final salary pension scheme as at 1 January 2008, a salary scale, Sx, has been defined so that Sx+dSx is the ratio of a member's total earnings between ages x +t and x + +1 to the member's total earnings between ages x and x + 1. Salary increases take place on 1 July every year. One member, whose date of birth is 1 April 1961, has an annual salary rate of $75 000 on the valuation date. Using the salary scale in Table 10.1 of AMLCR 2nd edition, estimate the member's expected earnings during 2008. 5. In order to value the benefits in a final salary pension scheme as at 1 January 2008, a salary scale, Sx, has been defined so that Sx+dSx is the ratio of a member's total earnings between ages x +t and x + +1 to the member's total earnings between ages x and x + 1. Salary increases take place on 1 July every year. One member, whose date of birth is 1 April 1961, has an annual salary rate of $75 000 on the valuation date. Using the salary scale in Table 10.1 of AMLCR 2nd edition, estimate the member's expected earnings during 2008

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