TERMIUM Plus®

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AVERAGE BEST BENEFIT FORMULA [1 record]

Record 1 1987-02-19

English

Subject field(s)
  • Employment Benefits
DEF

A unit benefit type of defined benefit under which the earnings base for the calculation of benefits is the average during a specified period of the employee's highest earnings.

OBS

"Average best earnings formula" is the preferred term.

French

Domaine(s)
  • Avantages sociaux
DEF

Formule pourcentage - salaire selon laquelle la prestation est calculée en fonction du nombre d'années de service et du salaire moyen d'un nombre défini d'années au cours desquelles le salarié a été le mieux rémunéré.

Spanish

Save record 1

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