Lillian has a defined benefit plan that promises an annual retirement benefit based on the average of her last three years of salary times 2 times years of service.At retirement Lillian has 15 years of service and an average salary over the last 3 years of $65,000.What will her annual benefit be?
A) $65,000
B) $50,500
C) $35,400
D) $19,500
E) cannot determine
Correct Answer:
Verified
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