Question: In 2 0 2 3 , Iris and her employer each contributed $ 5 , 0 0 0 to her DBPP which will pay her

In 2023, Iris and her employer each contributed $5,000 to her DBPP which will pay her a pension of 1.6% for every year of service based on the average of her three best years of income. Her salary for 2023 was $77,000 and the average of her best three best years of income is $74,000.
a. What is Iriss pension adjustment for 2023? Calculate the benefit earned using all 3 methods described in class. Please explain step by step
b. How much can she contribute to her RRSP in 2024?
c. If she began collecting her pension in 2024, how much would it be if she had 33 years of service?

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