average salary definition
average salary means final pensionable salary, calculated without reference to any pensionable allowance giving rise to added years of pensionable service under Regulation 19;
average salary means the highest average of covered salary for the appropriate period of credited service that is required for the calculation of a disability benefit by the covered retirement plan and that is drawn from any period of credited service and successive years of covered salary in a covered retirement plan.
average salary means final pensionable salary, calculated without reference to any pensionable allowance giving rise to added years of pensionable service under Article 41;
More Definitions of average salary
average salary means the average annual Earnings received or deemed to have been received by the Member during the period of five (5) successive years of Pensionable Service prior to the Effective Date during which his or her Earnings was highest and, where the Member has less than five (5) successive years of Earnings as at the Effective Date, such Member’s Average Salary shall be the average of the Member’s Earnings over such shorter period; and
average salary means the average of the annual salary received by a contributory member during the 3 years immediately preceding the day on which he or she ceases to hold his or her employment or the day on which he or she attains normal retiring age, whichever is the earlier:
average salary means the highest average annual salary of the member for any three (3) consecutive years of service within the total service of the member, including employee contributions picked up after August 1, 1982 pursuant to KRS 67A.510(2);
average salary. , means the average annual salary or wages of the member concerned which is taken into account for determining the benefit which is payable in terms of the rules on his or her death, retirement or discharge;
average salary means the average year-end base salary for an NEO for the most recent 3 years.
average salary means the highest average annual salary of the member for
average salary means the average annual earnable compensation 16 for the five (5) consecutive years of service during which the member’s 17 earnable compensation was the highest, or, if he/she should have less 18 than five years of service, then the average annual earnable 19 compensation during such period of service.