Question $20$

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, she has $30$ years of service with the company, and she always had

annual compensation of $$75,000,$ what is the maximum pension benefit that can be

payable to Kim at her retirement?

a$.$ $$23,000.$

b$.$ $$69,000.$

c$.$ $$75,000.$

d$.$ $$275,000.$