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Meeskeeks INC provides a defined benefit plan to its employees, with benefits equaling 1% x service years x final years salary. Mr Meeseeks has worked
Meeskeeks INC provides a defined benefit plan to its employees, with benefits equaling 1% x service years x final years salary. Mr Meeseeks has worked at Meeseeks INC for 10 years, currentlt makes 300000, and is projected to work another 20 years before retiring with a final salary of 500000. upon retirement, Mr. Meeseeks is expecting to draw benefits for 15 years. The company uses a dicount rate of 4%. determine project benefit obligation (PBO) related to Mr. Meeseeks.
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