A corporation's pension plan provides a lifetime annual income to its employees upon retirement at age 65. The plan provides 3% for each year of service of the employee's salary upon retirement. Those who retire before 65 have their benefit reduced by 1.2% for each year before 65 that they retire. Russ retires at age 61 with 23 years of service. If his salary upon retirement is $67,967, what is his annual pension benefit? Round your answer