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How is the new average salary calculated?

average calculated salary
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How is the new average salary calculated?

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A. The fact sheet Average Salary describes the different methods of calculating average salary. The actual methods used will depend on the payable date of the award i.e. the date you become entitled to benefits. The average salary used to calculate your benefits will always be the best one depending upon your individual circumstances.

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A. An example of how the average salary calculation using the best 3 consecutive revalued earnings in the last 10 years before retirement can be found in the section headed Calculating Retirement Benefits in the Employers’ Guide.

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