Another calculation: retirement calculator.
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According to one such retirement calculator the process of calculation involves the inputting the number of years of service put in by the employee. As a next step, the retirement calculator will call for the amount of salary drawn by the employee during the latter half of his service. From these pieces of information, the retirement calculator will process the average salary drawn by the employee. Using this data as the basis, the calculator will then calculate the basic retirement benefits to which the employee is eligible. Another aspect of the working of the calculator is that it will input the provisions of other kinds of retirement plans also.