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Determine the maximum annual benefits payable

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Reference no: EM132673246

Problem - Determine the maximum annual benefits payable to a participant from a defined benefit plan in the following independent situations.

Required -

a. Frank, age 66, has been a participant for 17 years, and his highest average compensation for 3 years is $127,300.

b. Ellen, age 65, has been a participant for 9 years (11 years of service), and her highest average compensation for 3 years is $102,600.

Reference no: EM132673246

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