Question: Describe the difference between the flat benefit formula and the unit benefit formula. In your view, what problem(s) can the unit benefit formula solve? Let's

Describe the difference between the flat benefit formula and the unit benefit formula. In your view, what problem(s) can the unit benefit formula solve?

Let's assume Hannah retires at age 61, with 35 years of service and a final average salary of $55000. Based on Exhibit 4.3 (p.101), what is Hannah's annual benefit?

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