Wilma is a primary school teacher and earns $80,000 per year. She has been a member of her defined benefit pension plan which is under Ontario jurisdiction for the past 20 years. She anticipates that her average earnings at retirement will be $60,000. Her pension plan has a 1.50% factor. 

How much money will they have when they retire at 65?

Answer rating: 100% (QA)

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