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Meddrill Corporation has a defined benefit plan for its employees. On retirement at age 65, the plan provides 1.7% of the 3-year final average salary
Meddrill Corporation has a defined benefit plan for its employees. On retirement at age 65, the plan provides 1.7% of the 3-year final average salary for each year of service, up to a maximum of 60%. Judy retired this year at age 65 with 19 years of service. Her last 3 years' salaries were $49,450, $50,200, and $52,954. What is her pension benefit? Group of answer choices: $50,868.00 $32,300.00 $16,430.36 $30,520.80
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