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Lillian Has a Defined Benefit Plan That Promises a 2

Question 110

Multiple Choice

Lillian has a defined benefit plan that promises a 2% annual retirement benefit based on the average of her last three years of salary.At retirement Lillian has 15 years of service and an average salary over the last three 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

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