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Part 1 (5 marks out of 25) a) Estimate the CPP benefits that Jamie and Janine will receive when they are 62, (calculate the
Part 1 (5 marks out of 25) a) Estimate the CPP benefits that Jamie and Janine will receive when they are 62, (calculate the ratio of earnings to YMPE) and the OAS benefits they will receive at age 65, in future dollars. Show your calculations and list any assumptions you are making. Hint: you will need to make an assumption on future salary increases. You will also need to use the historical YMPE/YBE figures to complete. b) Determine the RPP annual pension income that Jamie will receive from his pension when he retires at age 62. Hint: remember to base the benefits on the future salary. c) Estimate the value of Janine's DCP plan when she retires. Be sure to state your assumptions.
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