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Question 18: (1 Point) Macy is looking forward to her retirement on January 1, 2020, after 30 years of working for the Canada Revenue Agency
Question 18: (1 Point) Macy is looking forward to her retirement on January 1, 2020, after 30 years of working for the Canada Revenue Agency (CRA). She is part of a Defined Benefit Pension Plan (DBPP) which uses the best three consecutive years to determine her pension benefit amount at retirement. Macy's annual pension formula is 2% times her years of service. Macy has provided you with the last 8 years of her gross salary for you to calculate her pension benefit: 2013 - $100,000 2014 - $110,000 2015 - $112,000 2016 - $107,000 2017 - $109,000 2018 - $110,000 2019 - $ 115,000 2020 - $107,000 $66,800 O $69,800 O $68,000 $67,300 $63,500
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