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Shannon participates in her employer's pension plan, which utilizes a career average formula to derive the pension benefit. Shannon knows that the sum of her
Shannon participates in her employer's pension plan, which utilizes a career average formula to derive the pension benefit. Shannon knows that the sum of her pensionable earnings is $1,025,000 and that she accrues an annual benefit of 1.85%. Her annual pensionable earnings in the most recent three years are $50,000, $55,000 and $60,000. If Shannon has 22 years of service, what is her accrued annual pension benefit?
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