Lillian Has a Defined Benefit Plan That Promises an Annual

Multiple Choice

Lillian has a defined benefit plan that promises an annual retirement benefit based on the average of her last three years of salary times 2 times years of service.At retirement Lillian has 15 years of service and an average salary over the last 3 years of $65,000.What will her annual benefit be?

A) $65,000
B) $50,500
C) $35,400
D) $19,500
E) cannot determine