Examples of Final Average Earnings in a sentence
Actual lump sums may be higher or lower depending on the mortality table and interest rate in effect at the time of distribution and the participant’s Final Average Earnings at his date of retirement.
Every employee shall join the Ontario Municipal Employees Retirement System Final Average Earnings Plan.
Is a fraction (not less than one) whose numerator is the Eligible Employee’s Final Average Earnings at termination of employment and whose denominator is the Eligible Employee’s Final Average Earnings at December 31, 1997.
Any deferrals included in Final Average Earnings shall only be counted once in calculating such Final Average Earnings.
For an Eligible Employee covered by Schedule E, Final Average Earnings shall include MIPs that would otherwise be included but for the fact the bonus was deferred.