Naomi has been participating in a pension plan for 30 years. The formula provided in the plan document is $30 per month x your years as a plan member.

What type of defined benefit pension plan is Naomi a member of?

What will Naomis annual pension benefit be?

Harjit has been participating in a pension plan for 30 years. The formula provided in the plan document is 2% x your average salary in the past 5 years x your years as a plan member.

What type of defined benefit pension plan is Harjit a member of?

If Harjits salary in the last five years was $47,800, $48,200, $49,500, $51,500, and $53000, what will his annual pension benefit be?

Susan has been participating in a pension plan for 30 years. The formula provided in the plan document is 2% x your average salary in your career x your years as a plan member.

What type of defined benefit pension plan is Susan a member of?

If Susans career average salary was $30,000, what will her annual pension benefit be?