Waldo Wacky established a qualified defined benefit pension plan for his employees at XOX. The plan contained the following feature:

It is a unit benefit plan based on the final three years of compensation; units of 1 percent accrue for each year of service.

In order to participate in the plan, employees must satisfy age and service requirements that are identical to the requirements found in the law.

Cliff vesting is utilized by the plan and requirement are identical to the requirements in the law.

Kelly Plum started working at XOX when she was age 19. She retires at age 65 and her final three years of income are $98,000, $100,000, and $102,000. Calculate Kellys pension at her normal retirement age. Randy Crisps started working at XOX when he was age 21. He leaves the company when he is 30. His final three years of income at XOX are $69,000, $70,000, and $71,000. Calculate Randys pension at his normal retirement age.