Resignation or Dismissal

Resignation or Dismissal

AMOUNT OF BENEFIT

CASH = 8% x Final Average Annual Salary (including bonus) x Pensionable Service
PLUS
Additional 10% (max 100%) for each completed year of service after 6 years as per scale below.

SCALE

Number of years Percentage
Less than 6 Nil
More than 6 years 10%
More than 7 years 20%
More than 8 years 30%
More than 9 years 40%
More than 10 years 50%
More than 11 years 60%
More than 12 years 70%
More than 13 years 80%
More than 14 years 90%
15 years and more 100%