Gerald will turn 60 years of age in December and plans to retire then from CarCo after 20 years of service. He is a member of a defined benefit RPP and will receive a pension based on 2% of his final average earnings of $80,000 times years of service. Gerald wants the 60% survivor pension option which will result in a 25% reduction in his RPP benefit. He qualifies for a monthly CPP benefit of $630 which he will start to receive at age 60. With retirement, Gerald estimates that his annual cash flow needs will be $30,000. Based on this information, and using a 15% effective tax rate, what will be Gerald’s net cash flow position next year?