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Pension Paper AnalysisQuestion 1:Firstly, I calculated retirement benefit per year for an individual employee using the pension formula given belowRetirement benefit=2%*years of service*final year’s salary or 75% of final year’s salary (whichever is lower)‘DATE’ function was used in excel to calculate the probable retirement date (refer to table). Retirement period is calculated by subtracting anticipated.
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Pbo Of All EmployeesRetirement BenefitsService Cost CalculationYears Of Service