Calculate the eligible portion of the retiring allowance

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Problem 1: Yolanda joined Montreal Financial in July 1982. Her employment was terminated on November 30, 2013 and she was paid a $62,000.00 retiring allowance. Her 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 Yolanda's service.

Reference no: EM132971109

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