An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit

An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit

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An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit
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An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3%. The average wage times the years of service. 

How much can this employee expect to receive per year upon retirement?  

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To calculate the annual pension benefit for this employee we need to multiply the average w
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