An employee with 25 years of service at a company is con- sidering retirement at some time in the next 10 years. The employer uses a final pay benefit formula by which the employee receives an annual benefit payment of 2.25 percent of her average salary during her last five years of service times her total years employed. The employees average sal- ary over the last 5 years of service is as follows:

Average Salary during Last Five Years of Service

retire now $125000

Retire in 5 years 135000

retire in 10 years 140000

Calculate the annual benefit payment for retirement now, in 5 years, and in 10 years.