TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

final average benefit formula [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1984-07-19

English

Subject field(s)
  • Employment Benefits
DEF

A benefit formula where the earnings taken into account are the average level of earnings in the last few years before retirement. The number of years used in calculating the average varies, usually in the range from three to ten years.

French

Domaine(s)
  • Avantages sociaux
DEF

(Méthode de calcul) dans laquelle les gains considérés représentent la moyenne de la rémunération des quelques années précédant la retraite. Le nombre d'années utilisé dans le calcul de la moyenne varie habituellement de 3 à 10.

OBS

Proposal based on the shorter term «moyenne des dernières années».

Spanish

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