Final Average Compensation. Final Average Compensation (FAC) is based on the last 60 months (130 pay periods) of employment. Shift and differential pay are included in the wages for pension calculation. However, the shift pay included in the calculation may not exceed 125% of the shift pay earned during the five years prior to the FAC period, adjusted for promotion.
Appears in 5 contracts
Samples: Retirement Reform Agreement, Retirement Reform Agreement, Retirement Reform Agreement
