Roland is earning $$100,000$ per year as an IT professional at ABC Manufacturing Inc. At the beginning of each year, Roland contributes $4\%$ of his salary to the company$$s defined contribution plan. The company matches $50\%$ of employee$$s contributions. At present, Roland has a total of $$250,000$ in the plan. He is thinking about retiring in the next $10$ years. When he retires, he intends to transfer the accumulated value of his pension to an insurance company and purchase an annuity. His friend, Alex who works at the insurance company told him that the best annuity for him given his circumstances would pay $$95$ per $$1,000$ of capital. With this is mind, he is curious to know what would be his annual pension income from the insurance company assuming that his salary remains the same and his investments are growing at the rate of $6\mathrm{.}5\%$ per year. What would you tell him?