Matt has worked as an electrician for 24 years with the same company and is about to retire. He has a final-earnings pension plan. His pension benefit will be 1% per year based on the average of his last three years of earnings. Matt's salary has been frozen at $75,000 per year for the last four years of his employment. What will his annual pension income be on retiring?

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Calculating Matts Annual Pension Income Since Matts salar... View the full answer