Final Average YMPE definition

Final Average YMPE means the average of the year’s maximum Pensionable Earnings in effect for the latest calendar year from which earnings are included in an employee’s Highest Average Earnings calculation plus the two previous years.
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Final Average YMPE means the average of the YMPE’s during the same period used to determine the Member’s Highest Average Capped Salary For Post 1993 Service. For the purposes of this Section 2.31, where there are 2 or more periods or combinations of periods producing the same Highest Average Capped Salary For Amended and Consolidated to March 28, 2008 Page 11 Post 1993 Service, the YMPE's are to be averaged over the period or periods that produce the highest possible pension. (Amended as below effective March 28, 2008)
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Final Average YMPE means the average of the YMPE in effect for the latest calendar year from which earnings are included in an employee's highest earnings calculation plus the two previous years.
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Examples of Final Average YMPE in a sentence

  • Regardless of whether you are in the AC or CAIL plan, the formula is 2 per cent for earnings above the Average YMPE for all AC-type service, and the Final Average YMPE for CAIL-type pre June 2000 service.

  • Note that in the CAIL/CUPE plan for service prior to June 2000, the Final Average YMPE figure, not the Average YMPE figure, is used.

  • As of January 1, 2007 the pension formula is changed to: • 1.5% of Final Average Earnings up to the Final Average YMPE plus 2.0% of his / her Final Average Earnings in excess of the Final Average YMPE multiplied by his / her years of Credited Service after December 31, 2006.

  • This situation can be rectified if the definition of the Final Average YMPE used in the formula for CAIL service is changed to be the same as the Air Canada Plans definition for Average YMPE.

  • A x B x 1.30%) + (A x C x 2.0%), where PLUSA is Years of Pensionable Service to January 1, 2019;B Your Best 3-year Average Earnings up to the Final Average YMPE; and C Your Best 3-year Average Earnings in excess of the Final Average YMPE.

  • Final Average YMPE (See the Glossary) is used for CAIL-type service.

  • This is due to the CAIL definition of Final Average YMPE used within the CAIL pension benefit formula.

  • The assessment of the radiological threat is based on the type and activity of the source, design base accidents for specific sources, exposure pathways and propagation of the contamination in the environment.ConclusionFor facilities belonging to threat category I in the specific regulation NSN-08 "Norms regarding the probabilistic safety assessment for Nuclear Power Plants" is stipulated that the authorization holder is responsible for conducting the probabilistic safety analysis.

  • This is because the federal government increases the YMPE by approximately 2% each year, thereby increasing the Final Average YMPE each year.


More Definitions of Final Average YMPE

Final Average YMPE means, as of the Date of Determination, the YMPE for the calendar year containing the Date of Determination plus the YMPE for each of the two preceding calendar years, divided by 3.
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Final Average YMPE means the average of the Year's Maximum Pensionable Earnings under the Canada/Quebec Pension Plan for the same years used to calculate your Final Average Salary. If the Final Average YMPE is greater than your Final Average Salary then the Final Average YMPE will be deemed equal to your Final Average Salary. For purposes of the pension plan, earnings mean the basic annual rate of pay, i.e. excluding overtime and other additional amounts. The earnings and service figures are modified for non full-time employees to ensure consistent treatment between part-time and full-time service in calculating benefit amounts.
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Final Average YMPE means the average of the YMPE taken over the same period of active membership in the Plan or Service as applicable, as was used to determine the Member's Final Average Earnings.
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Final Average YMPE means the average of the Year’s Maximum Pensionable Earnings computed over the same period and in the same manner as "Final
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Related to Final Average YMPE

  • Final average salary means whichever of the following is greater:

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Average final compensation means the average annual creditable compensation of a member during

  • Anticipated total county revenue availability means the sum of the:

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 6.0 years.

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Weighted Average Yield means with respect to any Loan, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.