Raminder was hired in January 1997. He was fully vested in the organization's pension plan at the time he received the retiring allowance. His employment was terminated on May 1, 2006 and he was paid a$10,000.00retiring allowance. Calculate the eligible portion of the retiring allowance.

$2,000.00

$7,500.00

$10,000.00

None of the retiring allowance is eligible