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You start a job at the age of 36 and plan to work there for the rest of your career (you expect to retire at
You start a job at the age of 36 and plan to work there for the rest of your career (you expect to retire at the age of 65). Over your career you expect an average salary of $83,000. You are given the choice of the following defined benefit pension plans: 3.50% of your average salary times your years of service or $2,5000 times years of service. Which would you choose?
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