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Elizabeth annual pension

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At the end of 2020, Elizabeth Regina retired after 19 years of participation in her employer's defined benefit pension plan. The pension plan provides a benefit based on 1.5% of her best earnings over three consecutive years. Elizabeth's earnings during the past seven years are the highest throughout her career. If Elizabeth earned $59,000 in 2014, $65,000 in 2015, $70,000 in 2016, $74,000 in 2017, $68,000 in 2018, $73,000 in 2019 and $71,000 in 2020, what will be Elizabeth's annual pension?

Reference no: EM132858704

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