An Employee Who Has Worked for His Firm for 30

question 60

Multiple Choice

An employee who has worked for his firm for 30 years can retire right now and receive a constant annual benefit of $45,000. He has a final pay plan that pays his average salary over his final five years x 2 percent x years of service. He has decided he will keep working five more years but only if by doing so his retirement benefits will grow at 6 percent per year. How much would his expected average salary (to the nearest dollar) have to be over the next five years to keep him working?

• A)$54,198
• B)$86,029
• C)$51,617
• D)$66,911
• E)$53,147

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Definitions:

Mental Disorder

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Community

A social group of any size whose members reside in a specific locality, share government, and often have a common cultural and historical heritage.

Chemical Brain Imbalance

A simplistic explanation for mental health disorders, suggesting that symptoms are caused by an imbalance of neurotransmitters in the brain.

Alcohol Use Disorder

A health disorder marked by a diminished capacity to cease or regulate alcohol consumption, despite negative impacts on social, professional, or medical well-being.