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.
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