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. |