Lillian Has a Defined Benefit Plan That Promises a 2

question 144

Multiple Choice

Lillian has a defined benefit plan that promises a 2% annual retirement benefit based on the average of her last three years of salary.At retirement Lillian has 15 years of service and an average salary over the last three 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

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Definitions:

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Deep Meditation

A profound state of peace and mental clarity achieved through advanced meditation practices, often characterized by altered consciousness.

Hypnosis

A state resembling trance where focus is heightened and suggestibility is increased, frequently employed for therapeutic goals.

Cognitive Unconscious

The cognitive unconscious refers to the mental processes that occur without conscious awareness, influencing perceptions, thoughts, and actions.