Jerome works for the City of Grand Junction, which has a defined-benefit pension plan for its employees. Jerome, age 66, is a wastewater treatment engineer who wants to retire. He has been a City of Grand Junction employee for 33 years. The pension plan has a unit-benefit formula, which provides a retirement benefit equal to 2 percent of the worker's final average compensation for each year of credited service. Final average compensation is based on the worker's highest three consecutive years of earnings prior to retirement. Jerome's compensation is for the past three years is 2018-$75,000, 2017-$72,500, 2016-$67,500. How much will Jerome receive each month when he retires?