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What is her pension benefit

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Question - Matcode Corporation has a defined benefit plan for its employees. On retirement at age 65, the plan provides 1.5% of the 3-year final average salary for each year of service, up to a maximum of 60%. Janet retired this year at age 65 with 23 years of service. Her last 3 years' salaries were $52,650, $54,000, and $54,852. What is her pension benefit?

Reference no: EM133023026

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