Hi all,
A quick question while going through question 18 in ASM 2015 ed.
When determining the accrued benefit payable to Smith, why are we including service prior to the effective date of the plan? The plan effective date is 1/1/1990, DOH is 1/1/1988 and date of retirement is 1/1/2008. The solution determines the accrued benefit at NRA based on the DOH.
Any assistance would be appreciated.
Thanks!
A quick question while going through question 18 in ASM 2015 ed.
When determining the accrued benefit payable to Smith, why are we including service prior to the effective date of the plan? The plan effective date is 1/1/1990, DOH is 1/1/1988 and date of retirement is 1/1/2008. The solution determines the accrued benefit at NRA based on the DOH.
Any assistance would be appreciated.
Thanks!
Question 18 - ASM 2015 ed.
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