A company makes pension contributions of $89,391 per quarter for its 83 employee

Question

A company makes pension contributions of $89,391 per quarter for its 83 employees. They anticipate a merger that will bring in another 21 employees and managers plan to give them the same average pension. Find the new quarterly pension contribution required. A company makes pension contributions of $89,391 per quarter for its 83 employees. They anticipate a merger that will bring in another 21 employees and managers plan to give them the same average pension. Find the new quarterly pension contribution required. A company makes pension contributions of $89,391 per quarter for its 83 employees. They anticipate a merger that will bring in another 21 employees and managers plan to give them the same average pension. Find the new quarterly pension contribution required.

Explanation / Answer

we are given

A company makes pension contributions of $89,391 per quarter for its 83 employees

Pension for each employee = 89391/83=1077

They anticipate a merger that will bring in another 21 employees and managers plan to give them the same average pension

so, total employee = 83+21=104

so, the new quarterly pension contribution required=104*1077

=$112008..............Answer

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