Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is my best five-year average pensionable salary calculated?

April 26, 2017average best calculated Five-Year pensionable salary

0

Posted

How is my best five-year average pensionable salary calculated?

1 Answer

0

Posted

An employee’s best five-year average pensionable salary is determined by comparing the basic annual salary in effect on the day and month of retirement (the “spot date”) with the salaries in effect on the same day in each of the previous years of employment and choosing the highest five. Example: Jayne has decided to retire on August 31, 2007.