What is the maximum pension benefit

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A company's defined benefit pension plan utilizes a funding formula that considers years of service and average compensation to determine the pension benefit payable to the plan participants. If Kim is a participant in this defined benefit pension plan and she has 30 years of service with the company and average compensation of $75,000, what is the maximum pension benefit that can be payable to Kim at her retirement? (a) $15,500. (b) $46,000. (c) $75,000. (d) $210,000.

Reference no: EM131521129

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