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Calculate the eligible portion of the retiring allowance

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Question - Yolanda joined Montreal Financial in July 1983. Her employment was terminated on November 30, 2011 and she was paid a $65,000.00 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: EM133096440

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