Retirement
(Early or Normal)

Retirement
(Early or Normal)

AMOUNT OF BENEFIT

GRATUITY = 6,72% x Final Average Annual Salary (including bonus) x Pensionable Service.
PLUS
PENSION = 1/55 x Final Average Annual Salary (including bonus) x Pensionable Service.
OR
GRATUITY = 6,72% x Final Average Annual Salary (including bonus) x Pensionable Service.
PLUS
CASH OF PENSION = 21% x Final Average Annual Salary (including bonus) x Pensionable Service.