Question 11 (2 marks) Year 2014 2015 2016 2017 Krista joined her company's pension plan eight...

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Question 11 (2 marks) Year 2014 2015 2016 2017 Krista joined her company's pension plan eight years ago. Her pensionable earnings are provided in the table above. Calculate her annual retirement pension given a 1.80% benefit per year of service for a career average plan and a best (three years) average plan. a) Career average: b) Best average: Earnings $60,000 $62,000 $64,000 $66,000 Year 2018 2019 2020 2021 Earnings $74,000 $76,000 $80,000 $70,000 Question 12 (1 mark) Isabella joined her firm's defined benefit pension plan at age 33. What is the earliest age at which she can retire with an unreduced pension if the plan's qualifying factor is 80? Question 13 (2 marks) Justine is a member of a contributory defined benefit pension plan sponsored by her employer and integrated with the CPP. Her contributions to the pension plan are established as 5% of pensionable earnings up to the Year's Maximum Pensionable Earnings (YMPE) and 6.0% thereafter. For 2021, the YMPE is $61,600 and her pensionable earnings are $77,000. Calculate her RPP contributions. Question 11 (2 marks) Year 2014 2015 2016 2017 Krista joined her company's pension plan eight years ago. Her pensionable earnings are provided in the table above. Calculate her annual retirement pension given a 1.80% benefit per year of service for a career average plan and a best (three years) average plan. a) Career average: b) Best average: Earnings $60,000 $62,000 $64,000 $66,000 Year 2018 2019 2020 2021 Earnings $74,000 $76,000 $80,000 $70,000 Question 12 (1 mark) Isabella joined her firm's defined benefit pension plan at age 33. What is the earliest age at which she can retire with an unreduced pension if the plan's qualifying factor is 80? Question 13 (2 marks) Justine is a member of a contributory defined benefit pension plan sponsored by her employer and integrated with the CPP. Her contributions to the pension plan are established as 5% of pensionable earnings up to the Year's Maximum Pensionable Earnings (YMPE) and 6.0% thereafter. For 2021, the YMPE is $61,600 and her pensionable earnings are $77,000. Calculate her RPP contributions.

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Question 11 2 marks a Career average The annual retirement pension for the career average plan can be calculated as follows Calculate the average earn... View the full answer