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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?
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- she was hired in 1986 at that time her age was 32 years.now after 19 year of service his age will be 32 + 19= 51. and so her age is 51 years and sum of her age and total service i.e. 51 + 19=70.now she can get retirement so year is 1986+19=2005
- 12 years agoHelpfull: Yes(22) No(1)
- The female employee must gain at least 70 points.
Now she has 32 and every year gives her two more points: one for age and one for additional year of employment, so 32 + 2 * (number of years) = 70
(Number of years) = 19
So, 1986 + 19 = 2005
The correct answer is C. - 12 years agoHelpfull: Yes(16) No(2)
- she has been hired in 1986 when she was 32
She has to serve for 38 years(as per retirement rule 70 provision)
And, thus she has to retire in the year 2024 - 12 years agoHelpfull: Yes(5) No(23)
- she has been hired in 1986 when her age is 32
and in 2006 she will become 52 and sum of age and
year work will become 20 so total = 52+20=72
so 2006 is the solution
- 12 years agoHelpfull: Yes(4) No(8)
- an employee retire when the employees age plus year of employment with company total at least 70.
Present age in 1986 is 32.
after x years
employee age 32+ x
years of employement = x years
32+x+x=70
hence x=19
so, she will retire after 19 year in 2005 - 9 years agoHelpfull: Yes(4) No(0)
- the year will be 2005 and her age will be then 51.
- 12 years agoHelpfull: Yes(3) No(2)
- Since the employee is 32 at the start of her employment, she needs to accumulate 70-32 = 38 "points" to retire.
Each year she works she gets 2 points - 1 for working and 1 for getting a year older. So, to determine how many years she needs to work, we simply divide 38 by 2 to get 19.
1986 + 19 years = 2005 as her year of retirement - 8 years agoHelpfull: Yes(1) No(0)
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