squiregabriel2 squiregabriel2

15-04-2024
Mathematics

Answered

The Merrick Oaks School District offers their employees the following annual pension benefit. First 15 Years of Service 2.12% multiplier Years of service up to 15 Average of final 3 annual salaries Service in Excess of 15 Years 2.25% multiplier Years of service in excess of 15 Average of final 3 annual salaries Phil is a custodian who has been working for the Merrick Oaks School District for the last 12 years and has decided to retire. His last three years of annual salaries are $50,000, $50,000, and $52,100. Determine Phil's annual pension.

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