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The ABC corporation pension plan provides a lifetime annual income to its employees upon retirement at age 65 . The plan provides 3% for each

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The ABC corporation pension plan provides a lifetime annual income to its employees upon retirement at age 65 . The plan provides 3% for each year of service of the average of the employee's earnings for their last 2 years on the job. Mark retires at age 65 with 16 years of service. His earnings for his last 2 years were $55,465 and $57,760. What is his annual pension benefit? Round your answer to the nearest dollar. Question 6 1 pts The XYZ corporation pension plan provides a lifetime annual income to its employees upon retirement at age 65 . The plan provides 3% for each year of service of the employee's salary upon retirement. Moreover, those retiring after 65 have their benefit increased by 1.7% for each year beyond 65 that they work. Caitlin retires at age 70 with 16 years of service. If her salary upon retirement is $67,485, what is her annual pension benefit? Round your answer to the nearest dollar

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