Exercise 10.1 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+H/sx is the ratio of a member's total earnings between ages x and x +1 to the member's total earnings between ages x and x 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, estimate the member's expected earnings during 2008. Exercise 10.1 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+H/sx is the ratio of a member's total earnings between ages x and x +1 to the member's total earnings between ages x and x 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, estimate the member's expected earnings during 2008