Common use of Average Final Compensation Clause in Contracts

Average Final Compensation. The Firemen and Policeman Pensions Act (MCLA 38.551), Section 6(1)(f), as amended for Fire Department members providing that “average final compensation” shall mean the average of three (3) years of highest annual compensation received by the member during their ten (10) years of service immediately preceding their retirement or leaving service, is hereby adopted for the Employees upon execution of this agreement.

Appears in 3 contracts

Samples: Chief, www.clintontownship.com, clintontownship.com

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Average Final Compensation. The Firemen and Policeman Policemen Pensions Act (MCLA 38.551), Section 6(1)(f), as shall be amended for Fire Department members providing that "average final compensation" shall mean the average of the three (3) years of highest annual compensation received by the member during their ten (10) years of service immediately preceding their retirement or leaving service, is hereby adopted for the Employees upon execution of this agreement.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Average Final Compensation. The Firemen and Policeman Policemen Pensions Act (MCLA 38.551), Section 6(1)(f), as shall be amended for Fire Department members providing that "average final compensation" shall mean the average of three the Three (3) years of highest annual compensation received by the member during their ten Ten (10) years of service immediately preceding their retirement or leaving service, is hereby adopted for the Employees upon execution of this agreement.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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