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OVERTIME EXAMPLE

Earnings such as overtime, shift premiums and allowances are non-pensionable earnings.  When your "highest 3-year" average salary is calculated, the above non-pensionable earnings are excluded and only your regular earnings are used.


In this example, the employee earned overtime in each year.



   2011 2012 2013 "Highest 3-Year" Average
         
Earnings including overtime   $42,500
 $43,400
 $44,750
 Not Applicable
         
Earnings excluding overtime
(as will appear on your 2013
pension statement
)
 $42,000 $43,000 $44,000 $43,000
         

 

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