Marys highest five years of pay in the district included


The pension plan offered by Fulton County School District provides the retired teachers with an annual payment that is calculated as 1% of their 'high 5 average salary' for each year that they taught in the District. Mary's highest five years of pay in the district included these annual salaries: $42,821; $44,201; $45,993; $47,535; and $49,450. She worked 30 years for the District. What will her annual pension be? A. Her defined benefit plan pension will be $15,333. B. Her defined benefit plan pension will be $46,000. C. Her defined contribution plan pension will be $13,800. D. Her defined benefit plan pension will be $13,800.

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Financial Management: Marys highest five years of pay in the district included
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