Final Average Pay Formula definition
Final Average Pay Formula means the formula designated as the final average pay formula by the Retirement Plan and by which Participants accrue normal retirement benefits by taking into account the Participant’s Accredited Service, average annual earnings and such other factors as are set forth in the Retirement Plan.
Final Average Pay Formula means a formula (other than a cash balance formula or the Alternate Benefit formula) under the Retirement Plan.
Final Average Pay Formula means the final average pay benefit formula used to calculate benefits under the Retirement Plan.