Emily’s employer offers a pension plan that calculates the annual pension as the product of the final average salary, the number of years of service, and a 2% multiplier. Her employer uses a graded 5 -year vesting formula as shown. After 4 years, Emily leaves her job. Her average salary was 65,000 . How much pension will she receive? Years Vesting Employed Percentage 0 0 % 1 0 % 2 25 % 3 50 % 4 75 % 5 100 % | Numerade
Emily’s employer offers a pension plan that calculates the annual pension as the product of the final average salary, the number of years of service, and a 2% multiplier. Her
VIDEO ANSWER: the amount of pension is the product of the average salary. So 65,000 to the multiplier, which is 2% the vesting percentage,…
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SOLVED: Emily’s employer offers a pension plan that calculates the annual pension as the product of the final average salary, the number of years of service, and a 2% multiplier. Her employer uses a graded 5-year vesting formula as shown. After 4 years, Emily leaves her job. Her average salary was $65,000. How much pension will she receive?
SOLVED: Emily’s employer offers a pension plan that calculates the annual pension as the product of the final average salary, the number of years of service, and a 2% multiplier. Her employer uses a graded 5-year vesting formula as shown. After 4 years, Emily leaves her job. Her average salary was $65,000. How much pension will she receive?
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