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Big Goal, Inc., offers a defined benefit plan that provides for 2.5% per year of service of the average of the employees 3 highest consecutive
- Big Goal, Inc., offers a defined benefit plan that provides for 2.5% per year of service of the average of the employees 3 highest consecutive years compensation. For 2016, 2017, and 2018, Ronald (Ronalds 3 highest years) earned $230,000, $255,000 and $300,000. The Covered Compensation Limits for 2016, 2017 and 2018 are $265,000, $270,000 and $275,000.
- What would Ronalds pension benefit for 2019 be is Ronald had worked for 11 years?
- What about 40 years?
- What about 9 years?
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Advanced Finance Theories
Authors: Ser-Huang Poon
1st Edition
9814460370, 978-9814460378
