Final Average Compensation. The Final Average Compensation (F.A.C.) for retirement calculations will be the average of the highest annual compensations during a period of the highest three (3) years of service contained within the last ten (10) years of service. Employees hired after July 1, 2011: The Final Average Compensation (F.A.C.) for retirement calculations will be the average of the highest consecutive sixty (60) months of service contained within the last ten (10) years of service. Leave time payouts at separation are not included in the F.A.C. calculation.
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Final Average Compensation. The For employees hired prior to July 1, 2011, the Final Average Compensation (F.A.C.) for retirement calculations will be the average of the highest annual compensations during a period of the highest three (3) years of service contained within the last ten (10) years of service. Employees For purposes of FAC, one (1) year equals one three hundred sixty five (365) day period. For employees hired after prior to July 1, 2011: The , Final Average Compensation (F.A.C.FAC) for retirement calculations will be the average of the highest consecutive sixty (60) months of service contained within the last ten (10) years of service. Leave time payouts at separation are not included in the F.A.C. calculation.includes:
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Samples: Collective Bargaining Agreement, Agreement
