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A defined benefit pension plan has a funding formula equal to 2% x years of service x final salary. If your client's final salary was
A defined benefit pension plan has a funding formula equal to 2% x years of service x final salary. If your client's final salary was $360,000 and they have earned 30 years of service, what is their retirement benefit? a. $198,000 b. $330,000 c. $160,000 d. $265,000
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