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PART-TIME EMPLOYMENT EXAMPLE

If you were employed part-time during any portion of your highest three years, your pensionable earnings are annualized to what you would have earned had you worked full-time (100%).


In this example, the following assumptions are made:


  • the employee's standard work hours were 75 hours (1,950 hours annually)

  • the employee worked part-time (975 hours annually or 50%)



   2011 2012  2013 "Highest 3-Year" Average
         
Actual Earnings @ 50% $21,000 $21,500 $22,000 Not Applicable
         
Annualized Earnings @ 100%
(as will appear on your
2013 pension statement)
$42,000 $43,000 $44,000 $43,000

 


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