Dianna Participates in a Defined Benefit Plan That Uses a Fixed

Multiple Choice

Dianna participates in a defined benefit plan that uses a fixed formula providing an employee with a benefit of 2% for each year of service,up to a maximum of 30 years.The total percentage accumulated before retirement is applied to the average of her three highest years of salary.Dianna works for 21 years,and the average of her three highest years of salary is $290,000.Calculate the amount of retirement benefits she will receive each year.

A) $0
B) $102,800
C) $110,000
D) $250,000
E) None of these