QPA Practice Questions - ASPPA Qualified Pension Administrator (QPA) Exam

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A traditional DB plan uses a unit credit benefit formula of 1.5% of final-average compensation per year of service. A participant has 20 years of service and a high-three-year average of $200,000. What is the annual accrued benefit before applying any limit?

$$30,000 $$45,000 $$60,000 $$75,000

Correct Answer:

$$60,000

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