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
Correct Answer:
Verified
Correct Answer:
Verified
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