TERMIUM Plus®

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

FINAL EARNINGS BENEFIT FORMULA [1 record]

Record 1 1987-02-19

English

Subject field(s)
  • Employment Benefits
DEF

A benefit formula where the earnings taken into account are those in the pay period (usually a year) immediately before retirement.

CONT

(The final average earnings) formula counteracts the emphasis given to the last year of service in a final earnings benefit formula.

Key term(s)
  • final earnings formula

French

Domaine(s)
  • Avantages sociaux
DEF

Formule de prestation où les gains considérés sont ceux de la période de rémunération (habituellement l'année) précédant immédiatement la retraite.

Spanish

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