An Employee Has Been Working for a University with a Defined

question 64

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

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Definitions:

Neutral Third Party

An unbiased individual or entity brought into a dispute to help negotiate or decide on a resolution without any vested interest in the outcome.

Early Neutral Case Evaluation

A process in which both parties to a dispute present their case to a neutral evaluator early in litigation to obtain an unbiased assessment.

Strengths and Weaknesses

The positive attributes and areas for improvement that are inherent to an individual, organization, or object.

Legally Binding Judgment

A final decision made by a court that legally requires adherence by the parties involved.