Giorgio has earned $98,750 per year for the past five years working as an analyst for JCM, Inc. Under JCM's defined benefit plan (which uses a seven-year graded vesting schedule) employees earn a benefit equal to 4 percent of the average of their three highest annual salaries for every full year of service with JCM. Giorgio has worked for five full years for JCM and her vesting percentage is 60 percent. What is Giorgio 's vested benefit (or annual retirement