Benefit from the defined benefit pension plan

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Reference no: EM131813655

Tom's employer has a defined benefit pension plan and he has worked for the company for 20 years. His highest salaries occurred in the final 3 years before retirement: $251,000, $257,000, and $275,000. Without considering the formula used to arrive at his retirement benefit amount, what is Tom's maximum possible benefit from the defined benefit pension plan if he retires in 2015?

Reference no: EM131813655

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