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I have a group of employees who are on different salaries and different
percentage contributions from the employer to their pension fund - some 6% some 18%. I need to project the total cost of each employees pension upto their retirement age of 65 years. So the formula I need has to include an annual pay award each year over that time while calculating the pension contribution as salary rises. The formula would look something like this: 1. Salary + say 3% pay award each year for say 30 years - Show final Salary 2. Employer pension contribution (of Salary) for same period - Show total employers pension contributions for that period. Any help ? Thanks |
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