Average Monthly Pay definition

Average Monthly Pay means such term as defined under Section III. A (3) (a), (b) and (c), of the Pension Plan, as changed from time to time, without regard to IRS Code Section 401 (a) (17).
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Examples of Average Monthly Pay in a sentence

  • The formula is, in summary, 1% x Highest Average Monthly Pay for a Consecutive 36 Month Period x Years of Service.