Jon's average salary over the last 3 years was $78,291. He worked at the company for 4 years so was 60% vested in his retirement plan. If his multiplier is 2.21% and his pension plan was based on the final 3 salary years, what is his annual pension?
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Expert's answer
2021-10-26T16:42:42-0400
Annual pension = Average salary×Multiplier×Yrs of service×Vested %
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