Dean Has Earned $70,000 Annually for the Past Five Years

question 89

Multiple Choice

Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (which uses a 7-year graded vesting schedule) employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for five full years for WCC and his vesting percentage is 60%. What is Dean's vested benefit (or annual retirement benefit he has earned so far) ?

• A) $12,250.
• B) $42,000.
• C) $7,350.
• D) $0.

---

Definitions:

Risk Society

A societal concept where modern advances lead to new types of risks and uncertainties, particularly those associated with technology and environmental hazards.

Kondratiev's Argument

Refers to the theory proposed by Nikolai Kondratiev about long-term economic cycles of boom and bust, lasting approximately 50 to 60 years.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicating improvements in living standards and economic health.

Genetic Pollution

Genetic pollution is the controversial term for uncontrolled gene flow into wild populations, often from genetically modified organisms to natural species, potentially threatening biodiversity.