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An employee with 2 5 years of service at a company is considering retirement at some time in the next 1 0 years. The employer

An employee with 25 years of service at a company is considering retirement at some time in the next 10 years. The employer uses a final pay benefit formula by which the employee receives an annaul benefit payment of 3.5% of her average salary during her last five years of service times her total years employeed. The employee's average salary over the last 5 years of service is as follows
2. An employer uses a career average formul to determine retirement payments to its employees. The annual retirement payout is 5% of an employee's Career average salary times the number of years of service. Calculate the annual benefit payment under the following scenarios.

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