A certain company retirement plan has a rule of 70 provision that allows an…
2025
A certain company retirement plan has a rule of 70 provision that allows an employee to retire when the employee's age plus years of employment with the company total at least 70. In what year could a female employee hired in 1986 on her 32nd birthday first be eligible to retire under this provision?
Answer: D. 2005 — Assume it has taken x years to the female employee to reach the rule of 70. So her age should be 32 + x. Also she gains x years of experience. ⇒⇒ (32 + x) + x…
- A.
2900
- B.
2556
- C.
2345
- D.
2005
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Correct answer: D
Assume it has taken x years to the female employee to reach the rule of 70.
So her age should be 32 + x. Also she gains x years of experience.
⇒⇒ (32 + x) + x = 70
⇒⇒ x = 19.
Year at the time of retirement = 1986 + 19 = 2005
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