Silver Oak has a DB pension plan with a retirement benefit of $100/month/year in the plan. The plan contains a 1-year service requirement (a person is not in the plan until they have worked there for one year) and a minimum age requirement of 20 ( person is not in the plan until they reach age 20). The plan's Normal Retirement Age (NRA) is 65. Further, the plan has a 7-year graded vesting schedule. If Gene begins work at Silver Oak at age 55, what will his monthly retirement benefit be at age 65 when he retires? $1,000 $1,200 $800 $900 $650 Silver Oak has a DB pension plan with a retirement benefit of $100/month/year in the plan. The plan contains a 1-year service requirement (a person is not in the plan until they have worked there for one year) and a minimum age requirement of 20 ( person is not in the plan until they reach age 20). The plan's Normal Retirement Age (NRA) is 65. Further, the plan has a 7-year graded vesting schedule. If Gene begins work at Silver Oak at age 55, what will his monthly retirement benefit be at age 65 when he retires? $1,000 $1,200 $800 $900 $650