A company's defined benefit program benefit payment formula is based on the last 3 years average annual salary, years of service and a 2% rate.

Calculate the annual defined benefit payment given the following information:

Last 3 years salary history = 67,000 / 69,000 / 75,000

Years of employment service = 23

A.$34,500

B.$75,000

C.$32,353

D.$70,333

Which one of the following is not an assumption when calculating defined benefit liabilities?

A.Investment results

B.Employee turnover

C.Number of employees in defined benefit plan

D.How long an employee/retiree lives after retirement

All of the following are considered when practicing Asset Liability Management, except?

A.Interest Rates

B.Current retire benefit payments

C.Future retire benefit payments

D.Past retire benefit payments