Defined benefit plan

Inception date: $1/1/20$X$3$

Benefits paid at year$-$end, first payment beginning one year after retirement

Discount Rate $7\%$

Expected rate of return $9\%$

Generosity $0\mathrm{.}02$

Employee Data

Start date $1/1/20$X$0$

Expected retirement date $12/31/20$Y$7$

Expected retirement period: $20$ years

Expected salary Date Level

$1/1/20$X$022,000$

$1/1/20$X$327,000$

$1/1/20$X$430,000$

$1/1/20$Y$775,000$

$1/1/20$X$312/31/20$Y$712/31/20$AA$7$

$($Plan inception$)($Retirement$)($Last benefit payment$)$

$1/1/20$X$015$ years $20$ payments

$($Start date$)$