What is the first question that should be asked when determining the amount of retirement income an employer should provide?

a. Should other postretirement income sources be integrated with the pension payment?

b. What level of retirement compensation would the employer like to set as a target, expressed in relation to preretirement earnings?

c. Should Social Security payments be factored in when considering the level of income an employee should have during retirement?

d. How should seniority be factored into the payout formula?