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Jack participates in his employer's pension plan, which utilizes a career average formula to derive the pension benefit. Jack knows that the sum of his
Jack participates in his employer's pension plan, which utilizes a career average formula to derive the pension benefit. Jack knows that the sum of his pensionable earnings is $1,025,000 and that he accrues an annual benefit of 1.85%. Jack's annual pensionable earnings in the most recent three years are $50,000, $55,000 and $60,000. If Jack has 22 years of service, what is Jack's accrued annual pension benefit? Question 5 options: $18,500 $22,385 $18,910
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