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Find the Career Average Pay , which calculates its benefit as 1% of average career pay times the number of years of service. ( You

Find the Career Average Pay, which calculates its benefit as 1% of average career pay times the number of years of service. (You will need to convert this amount to a monthly pension benefit amount.)

Find the Flat Amount per Year of Service, which accrues a benefit of $50 per month per year of service.

Pension Pay / Service History:

Year

Eligible Wages

2008

$60,000

2009

$64,000

2010

$69,000

2011

$73,000

2012

$78,000

2013

$83,000

2014

$88,000

2015

$91,000

2016

$95,000

2017

$98,000

Total

$799,000


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