Rick has just received a job offer from a different employer and is trying to decide if
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Rick has just received a job offer from a different employer and is trying to decide if it is worth leaving his current one. He estimates that his best five years pensionable salary will average out to be $95,000 if he works until the age 65, which is 20 years from now. If the defined benefit pension plan (DBPP) provides a 2.5% unit percentage, what amount would his estimated annual pension benefit be at retirement?
Round to zero decimal places.
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date: