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How much of an annual pension is harrison now receiving

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Reference no: EM132899776

At the end of 2020, Harrison retired after 30 years of participation in his employer's pension plan. The pension plan provides a benefit based on 1.8% of his best earnings over 4 consecutive years. Harrison's career has progressed steadily, and his promotion 6 years ago resulted in a substantial jump in his earnings. (Harrison's recent annual salary has been as follows: 2015 - $60,000, 2016 - $65,000, 2017 - $70,000, 2018 - $75,000, 2019 - $71,000, 2020 - $60,000). Given this earnings history, how much of an annual pension is Harrison now receiving?

Reference no: EM132899776

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