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Perry Industries has a defined benefit pension plan that specifies annual, year - end retirement benefits equal to 1 . 3 % x Service years
Perry Industries has a defined benefit pension plan that specifies annual, yearend retirement benefits equal to x Service years x Final year's salary. Carol was hired by Perry at the beginning of Clark is expected to retire at the end of after years of service. Her retirement is expected to span years. At the end of years after being hired, her salary is $ The company's actuary projects Clark's salary to be $ at retirement. The actuary's discount rate is Percentage of final year's salary Total years of service years Service years through December years Clark's salary at December $ Retirement is expected to span years Clark's projected salary at retirement $ Actuary's discount rate Required: Estimate the amount of Carols annual retirement payments for the retirement years earned as of the end of $ Suppose Perrys pension plan permits a lumpsum payment at retirement in lieu of annuity payments. Determine the lumpsum equivalent as the present value as of the earned retirement annuity at the expected date of retirement the end of What is the companys projected benefit obligation at the end of with respect to Carol?
Perry Industries has a defined benefit pension plan that specifies annual, yearend retirement benefits equal to x Service years x Final year's salary. Carol was hired by Perry at the beginning of Clark is expected to retire at the end of after years of service. Her retirement is expected to span years. At the end of years after being hired, her salary is $ The company's actuary projects Clark's salary to be $ at retirement. The actuary's discount rate is
Percentage of final year's salary
Total years of service years
Service years through December years
Clark's salary at December $
Retirement is expected to span years
Clark's projected salary at retirement $
Actuary's discount rate
Required:
Estimate the amount of Carols annual retirement payments for the retirement years earned as of the end of
$
Suppose Perrys pension plan permits a lumpsum payment at retirement in lieu of annuity payments. Determine the lumpsum equivalent as the present value as of the earned retirement annuity at the expected date of retirement the end of
What is the companys projected benefit obligation at the end of with respect to Carol?
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