0Hi teachers,02br 02br 00Please help me understand the phrase in bold type below. I try to understand but cannot understand it.02br 02br 00Pensioners will receive 5 months of their annual salary for the first 20 years worked and 01b006 months for every year worked over 20 . 02b02br 02br 00Thank you in advance0-
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0For every year they worked beyond 20 years.02br 02br 0020 years = 5 months02br 02br 0021 years = 5 months + (1 x 6 mo) = 11 mo02br 02br 0022 years = 5 months + (2 x 6 mo) = 17 mo02br 02br 00etc.0-
0Well, you already know the first part. Let's assume that someone works for 25 years. For years 1-20, 5 months of their annual income will be set aside for retirement for each year they work. So if they work for 20 years, they will have set aside 100 months of income--enough income to last them for 8.3 years. If they work for another five years, however, they'll be paid 6 months of their annual