Anthony is a participant in Razor Clean Inc.'s defined benefit plan. Razor's base funding formula is 0.60% per year of service multiplied by the average of the three highest consecutive years of salary. Anthony's three highest years of salary is $150,000, $160,000, and $170,000 and he has completed 30 years of service. Razor would like to provide an additional benefit of 1% per year of service for income that exceeds the Social Security Covered Compensation limit (average SS Wage bases over past 35 years). Assume the SS Covered Compensation limit is $65,000. Assuming Anthony retires this year what would his total annual benefit be using the excess method?