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Your employer uses a career average formula to determine 5 Points retirement payments to its employees. The annual retirement payout is 3 percent of the

Your employer uses a career average formula to determine 5 Points
retirement payments to its employees. The annual retirement
payout is 3 percent of the employees' career average salary
times the number of years of service. Assuming you want to
retire at the end of the year, calculate your annual retirement
benefit using the information supplied.
Year Worked Salary Year Worked Salary Year Worked Salary Year Worked Salary
1981 $6,598 1990 $20,994 2000 $50,856 2010 $85,321
1982 $13,559 1991 $22,446 2001 $56,243 2011 $90,549
1983 $14,349 1992 $24,879 2002 $60,012 2012 $94,056
1984 $14,999 1993 $21,397 2003 $62,564 2013 $98,546
1985 $16,884 1994 $26,553 2004 $66,457 2014 $100,549
1986 $17,552 1995 $29,547 2005 $72,564 2015 $99,446
1987 $18,667 1996 $33,865 2006 $76,219 2016 $101,146
1988 $19,325 1997 $35,468 2007 $78,234
1989 $21,886 1998 $39,451 2008 $82,994
1999 $42,338 2009 $84,567
$143,819 $296,938 $690,710 $669,613

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