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  3. 2. three employees are retiring from jefferson cit

2. Three employees are retiring from Jefferson City. Your job as the human resource officer...

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Accounting

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2. Three employees are retiring from Jefferson City. Your job as the human resource officer is to calculate their pension payments using the following information. Use the model in Exhibit 3.1 to assist you in completing this problem. Note that when age and years of service are not on the same line, choose the factor that best benefits the employee. Calculate: Total \% value PP (TVPP), Average Final Compensation, Annual Benefit, and Monthly Benefit. (30 points) Employee 1 Mary Rademacher Has 31 years of service and is 63 years of age. Five highest years of salary are: $20,904;$21,398;$22,198;$34,239;$36,908. Employee 2 Steffanee Richardson - Has 32 years of service and is 64 years of age. - Five highest years of salary are: $29,504;$30,698;$32,798;$36,839;$38,508. Employee 3 Charlie Parker Has 34 years of service and is 69 years of age. Five highest years of salary are: $49,904;$51,899;$57,678;$61,742;$64,108

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