Mr. X has worked for XYZ company for the last 35 years. XYZ 's basic formula is 1.5% times years of service times average annual salary minus the Social Security offset. The Social Security offset amount equals 1% times years of service (up to a maximum of 33.5 years) times the Social Security benefit. Mr. X's average annual salary is $90,000 and his expected annual Social Security benefit is $25,000. Calculate his annual pension benefit amount. 32,855 35,755 36,755 38,875