Kumar has been working for Dreamline Enterprises for 12 years. He has been a member of...
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Kumar has been working for Dreamline Enterprises for 12 years. He has been a member of the company's defined benefit pension plan for the past ten years. Kumar plans to retire as of January 1st of next year and he has been told that at that time, he will be eligible for an annual retirement pension of $15,852. If the RPP has a 2% unit, to what type of defined benefit pension plan does Kumar belong? (Kumar's annual income for the past 10 years are listed in the table) # of Years Prior to Retirement Pensionable Earnings 9 years ago 8 years ago 7 years ago 6 years ago 5 years ago 4 years ago 3 years ago 2 years ago last year this year $69,570 $71,250 $73,000 $75,100 $77,750 $80,400 $82,650 $84,325 $79,875 $69,050 Kumar has been working for Dreamline Enterprises for 12 years. He has been a member of the company's defined benefit pension plan for the past ten years. Kumar plans to retire as of January 1st of next year and he has been told that at that time, he will be eligible for an annual retirement pension of $15,852. If the RPP has a 2% unit, to what type of defined benefit pension plan does Kumar belong? (Kumar's annual income for the past 10 years are listed in the table) # of Years Prior to Retirement Pensionable Earnings 9 years ago 8 years ago 7 years ago 6 years ago 5 years ago 4 years ago 3 years ago 2 years ago last year this year $69,570 $71,250 $73,000 $75,100 $77,750 $80,400 $82,650 $84,325 $79,875 $69,050
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Kumars Defined Benefit Pension Plan Type Based on the information provided Kumar belongs to a define... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Posted Date:
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