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Floyd has worked for a plumbing company in British Columbia for more than 27 years. His employment was terminated on May 31 of this year.
Floyd has worked for a plumbing company in British Columbia for more than 27 years. His employment was terminated on May 31 of this year. He will be paid a $36,000.00 retiring allowance. His company did not have a pension plan, a pension fund, or a deferred profit-sharing plan. Calculate the eligible retiring allowance based on Floyds service.
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