Toms employer has a defined benefit pension plan and he has, Ask an Expert

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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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92642020

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