An Employee Has Been Working for a University with a Defined

Multiple Choice

An employee has been working for a university with a defined benefit pension plan for 34 years.The employee's highest five year average earnings is $95,000.If the employee expects to receive 2% of these earnings based on years of service,what is the employee's expected pension benefit if he or she retires in 6 years?

A) $64,600
B) $95,000
C) $47,500
D) $76,000