Final Average YMPE definition

Final Average YMPE means the average of the year’s maximum Pensionable Earnings in effect for the latest calendar year from which earnings are included in an employee’s Highest Average Earnings calculation plus the two previous years.
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Final Average YMPE. ’ means the average of the YMPE in effect for the latest calendar year from which earnings are included in an employee’s highest earnings calculation plus the two previous years.
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Final Average YMPE means the average of the Year's Maximum Pensionable Earnings under the Canada/Quebec Pension Plan for the same years used to calculate your Final Average Salary. If the Final Average YMPE is greater than your Final Average Salary then the Final Average YMPE will be deemed equal to your Final Average Salary. For purposes of the pension plan, earnings mean the basic annual rate of pay, i.e. excluding overtime and other additional amounts. The earnings and service figures are modified for non full-time employees to ensure consistent treatment between part-time and full-time service in calculating benefit amounts.
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More Definitions of Final Average YMPE

Final Average YMPE means, as of the Date of Determination, the YMPE for the calendar year containing the Date of Determination plus the YMPE for each of the two preceding calendar years, divided by 3.
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Final Average YMPE means the average of the YMPE’s during the same period used to determine the Member’s Highest Average Capped Salary For Post 1993 Service. For the purposes of this Section 2.31, where there are 2 or more periods or combinations of periods producing the same Highest Average Capped Salary For Post 1993 Service, the YMPE's are to be averaged over the period or periods that produce the highest possible pension. (Amended as below effective March 28, 2008)
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Final Average YMPE means the average of the YMPE of a Member in each year of Qualifying Service used in the calculation of the Member’s Final Average Yearly Earnings. A Member's Earnings shall be considered as having been earned in equal monthly or bi- weekly instalments, whichever is applicable, throughout a Numerical Year.
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Final Average YMPE means the average of the Year’s Maximum Pensionable Earnings computed over the same period and in the same manner as "Final
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Related to Final Average YMPE

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Final average salary means whichever of the following is greater:

  • Final Average Pay means the participant’s average monthly compensation in the highest three calendar years of compensation out of five consecutive calendar years of employment during a period of eligibility service by the Company or an Affiliate. Years separated by a period of one or more calendar years when the participant has no such eligible employment shall be treated as consecutive. Additional compensation paid at retirement or other Separation from Service, such as for periods of unused vacation or sick leave, shall be attributed to calendar years by assuming that employment continued during the period based on which the compensation is measured. Severance pay shall be disregarded, except severance pay in lieu of service.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.