Question
James is enrolled in a defined benefit plan at work. The company uses the following formula to determine benefits: 2% X years of service X
James is enrolled in a defined benefit plan at work. The company uses the following formula to determine benefits: 2% X years of service X final salary. If his salary is $75,000, how long would he need to work to replace 40 percent of his salary?(Show calculations)
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Crypto Finance Law And Regulation
Authors: Joseph Lee
1st Edition
0367086611, 978-0367086619
