what is the total pension of what is the total investment payment of a pension...

60.1K

Verified Solution

Question

Accounting

what is the total pension of what is the total investment payment of a pension plan if : your annual salary is 118000, the current pension fund is 102000, you are currently 47 years old and want to retire at 65 years old, you contribute 10% of your salary to the scheme and your employer contributes 1% of your salary to your pension fund and you get a 3 times your salary death in service lump sum

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students