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What will his pension adjustment be for the current year

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Reference no: EM133107255

Question - Armando was hired by his current employer on January 1, 2019 and is a member of the company defined benefit plan at his work. His salary has been $90,000 per year since he was hired. Under the terms of the DB plan contract, it will pay Armando 1.9% of his last 3 years earnings. What will his pension adjustment be for the current year?

a. $14,500

b. $14,790

c. $15,500

d. $15.790

Reference no: EM133107255

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