Sally is a member of a contributory best-earnings defined benefit plan. Assume her pensionable earnings are $95,000 and the YMPE is $61,600. The first contribution rate on amounts up to the YMPE is 7.0%; the second contribution rate on amounts above the YMPE is 8.5%.

How much is her total contribution to the pension for that year?

Answer rating: 100% (QA)

Since Sallys pensionable earnings 95000 are above the Years Maximum Pensionable Earnings YMPE of 616... View the full answer