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Calculate the pension adjustment for Olivia

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Reference no: EM133045860

Question - Olivia Zara is a member of a defined benefit integrated pension plan with the following formula:

2% of the average best 5 years of earnings up to the 3 year average of the year's maximum pensionable earnings (YMPE) plus

3.5% of the average best 5 years of earnings that are above the 3 year average of the YMPE Olivia's earnings were $69,627.00; the YMPE is $61,600.00.

Calculate the pension adjustment for Olivia, assuming that she worked and was a member of the pension plan for the full calendar year.

Reference no: EM133045860

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