31. Your company has a Defined Benefit pension plan with a pretty standard formula. Your CFO always tries to fix things when they are not broken. He comes up with a revised version of the pension formula, which includes a slightly different % factor and a somewhat different definition of annual earnings for pension purposes. You evaluate both side by side based on a typical retirement-ready employee: Years of Service 30 % Factor 2.0000% Annual Earnings For Pension Calc $90,000 Original Version CFO new Version 30 2.0500% $87,000 The basic calculation is Years of Service X % Factor X Annual Earnings = Annual Defined Pension Benefit. Which formula is better for employees? (all other variables being equal] A. The CFO's new version B. The Original version C. Neither can be calculated D. None of the above 32. If an employee's projected pension benefit obligation is $775,000 at Age 65, what would be the Age 55 (10 years sooner) PBO, given a plan rate of return of 6%? A. $432,450 B. $479,654 C. $399,800 D. $325,500 E. None of the above