Question
Fred is age 40, in a defined benefit pension plan 2% X 11 years of service X best average five years income is $66,000. What
Fred is age 40, in a defined benefit pension plan 2% X 11 years of service X best average five years income is $66,000.
What is his pension worth? What are the options for what he can do with his pension, now that he is leaving this employment?
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
