Ok so we are told 3 things,
1) The Chocolate Factory considers a career employee to be an employee who works with them for 35 years.
2) The total pension target for each career employee from the private Chocolate Factory pension plan and the CPP combined should be 70% of pensionable earnings
3) We have 3 employees age 20.
Since those age 20 are potentially here for longer than 35 years (they are here for 45 years) can their pensions exceed 70%?
1) The Chocolate Factory considers a career employee to be an employee who works with them for 35 years.
2) The total pension target for each career employee from the private Chocolate Factory pension plan and the CPP combined should be 70% of pensionable earnings
3) We have 3 employees age 20.
Since those age 20 are potentially here for longer than 35 years (they are here for 45 years) can their pensions exceed 70%?
Eom 3 Task 5 Career Employees Those age 20 and the 70% Rule