NU Charlie belongs to a defined benefit pension plan that offers a pension of 2% of best earnings for each year of service, commencing at age 65. However, Charlie would like to retire at age 55, with 20 years of service and best average earnings of $68,000. His plan does allow early retirement, with a standard reduction of 4% for each year of early retirement. What will Charlie's pension entitlement be if he chooses to retire at age 55? O a) $16,320 O b) $24,480 O c) $26, 112 O d) $27,200 Previous Question Next