OVERTIME EXAMPLEEarnings 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
|Earnings excluding overtime
(as will appear on your 2013