Revalued Earnings definition
Revalued Earnings means your Pensionable Salary during that year, increased in each year up to retirement in line with the Retail Prices Index up to a maximum of 5%. Please refer to Appendix A for an example of this calculation.
Revalued Earnings in relation to a Member means the average of the highest basic salaries received by the Member over 30 years of Pensionable Service, increased in line with the annual salary adjustments in accordance with the Conditions of Employment up to the date of leaving Service, retirement or death;
Revalued Earnings means the average of a member’s highest basic salaries on a full time basis, over a maximum of 30 years of pensionable service, up to the date of leaving, retirement or death. In the case of a disabled member who receives a disability allowance, their basic salary on a full time basis immediately prior to becoming disabled shall be used if necessary. The above basic salaries shall be adjusted in line with general salary adjustments in accordance with the Conditions of Employment;