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Best-earnings defined benefit plan

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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?

Reference no: EM133119947

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