cypher
Joined: 08 Nov 2003
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 Posted: Thu Jun 15, 2006 5:11 am Post subject: Question re interest on pension |
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The following is from the National Pension website:
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| Lump-sum Refund is the amount of contributions (paid by the employee and the employer) plus a fixed interest. |
Does anyone know how this interest is calculated? Is it compounded? I almost failed math in school. Please help. There's a story to go with this but my boss says she'll be angry if I tell anyone  Yeah, kiss my big, fat, cellute-covered, would be white if I weren't red all over with rage behind. Basically, I want to know, when the school fixes their mistake and puts the money they owe me in the pension fund, how much will I have lost in interest? |
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