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Calculate the eligible portion of the retiring allowance

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Question - Fred has worked for an advertising company in British Columbia since May 5, 1986. His employment was terminated on August 31, 2019, and he was paid a $47,000.00 retiring allowance. His company did not have a pension plan, a pension fund or a deferred profit-sharing plan. Calculate the eligible portion of the retiring allowance based on Fred's service.

Reference no: EM132831746

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