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Tom's employer has a defined benefit pension plan and he has worked for the company for 20 years. His highest salaries occurred in the final
Tom's employer has a defined benefit pension plan and he has worked for the company for 20 years. His highest salaries occurred in the final 3 years before retirement: $261,000, $270,000, and $290,000.
Without considering the formula used to arrive at his retirement benefit amount, what is Tom's maximum possible benefit from the defined benefit pension plan if he retires in 2020?
| $230,000 |
| $290,000 |
| $273,667 |
| $270,330 |
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