Assignment Task: Maureen is a member of a defined benefit integrated pension plan with the following formula:
- 2% of the average best 5 years of earnings up to the 3 year average of the year's maximum pensionable earnings (YMPE) plus
- 3.5% of the average best 5 years of earnings that are above the 3 year average of the YMPE Maureen's earnings was $69,627.00; the YMPE is $53,600.00.
Calculate the pension adjustment for Maureen, assuming that she worked and was a member of the pension plan for the full calendar year.