Defined Benefit Pension Calculation DC Pensionable service Indexed Best 5 years Susan works for ABC Co. She has 20 years of pensionable service. Her employer offers a defined benefit pension. Her pension will be based on: 2% x Average of highest five years salary x total pensionable service. In her five highest annual earning years she earned: $102,000 $100,000 $104,000 $99,000 $105,000 i) What will Susan's monthly pension benefit be when she retires? ii) If her pension is indexed to the rate of inflation, and inflation is expected to be 3% per year, what will her monthly pension be three years after she starts receiving her pension