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Problem 19-28 (LO. 2) Sue has worked for Yellow Corporation for four and one-half years, but she has an offer to move to Red
Problem 19-28 (LO. 2) Sue has worked for Yellow Corporation for four and one-half years, but she has an offer to move to Red Corporation for a moderate increase in salary. Her average salary for Yellow has been $210,000, and she receives a 2% benefit for each year of service in her retirement plan. The company uses a five-year (cliff) vesting schedule. Advise Sue as to this possible switch in jobs. If an amount is zero, enter "0". a. If Sue leaves Yellow, Inc., now, she will receive s 21,000 X per year upon retirement. b. If Sue works for an additional half year for Yellow, Inc., she will receive $ 21,000 per year upon retirement. V The purpose of the vesting requirements is to protect an employee who has worked a reasonable period of time for an employer employer contributions because of being fired or changing jobs. An employee's right to accrued benefits derived from his or her contributions to a defined benefit plan must be nonforfeitable from the date of contribution. Feedback Check My Work
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