Jake has worked for GT for the last 20 years and been a participant in...
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Jake has worked for GT for the last 20 years and been a participant in its defined benefit plan. In the last ten years, his salary has increased significantly. Over the last ten years, his compensation was $290,000, $100,000, $120,000, $100,000, $240,000, $200,000, $160,000, $180,000, $150,000, and $210,000. In 2019, what is the most that he could receive as a pension payment?
A. $246,667.
B. $225,000.
C. $200,000.
D. $280,000.
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