Dianna Participates in a Defined Benefit Plan That Uses a Fixed

question 64

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

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Definitions:

Desirable Behavior

Actions or conduct considered beneficial or appropriate within a specific context, often encouraged through positive reinforcement.

Positive Consequence

A favorable result or outcome that occurs as a result of an action or decision.

Negative Consequence

An unfavorable result or effect that occurs as a result of an action or decision.

Performance Evaluations

A review and assessment process where an employee's work performance is evaluated against predefined criteria or objectives.