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Question

A company$$s defined benefit pension plan utilizes a funding formula that considers years of service and average compensation to determine the pension benefit payable to the plan participants. If Kim is a participant in this defined benefit pension plan and she has $30$ years of service with the company and average compensation of $$280,000,$ what is the maximum pension benefit that can be payable to Kim at her retirement in $2024?$

A$.$$$23,000$

B$.$$$69,000$

C$.$$$230,000$

D$.$$$275,000$