Multiple Choice
Lillian has a defined benefit plan that promises an annual retirement benefit based on 2 percent of her final 3-year average annual salary for each year of service.At retirement,Lillian has 15 years of service and had an average salary of $65,000 over the last 3 years.What is the amount of her annual benefit?
A) $65,000
B) $50,500
C) $35,400
D) $19,500
E) $0
Correct Answer:
Verified
Correct Answer:
Verified
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