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Your Final Average Compensation |
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Your pension is determined by your final average compensation, or FAC. Your
FAC is the average annual salary earned for your last two years of
service with the State Police. Earnings used to calculate your FAC are gross
earnings, before deferred compensation or other income withholding.
Boosting your FAC will increase your pension amount. The best way to do this,
of course, is to accept that pay raise or promotion you deserve. But because
some compensation payouts are included in your FAC, another way is to work
overtime or concentrate on saving up 240 hours of annual leave. Review the list
below to see what other types of pay might boost your FAC.
Compensation included in your FAC
The following ARE included in the calculation of your FAC.
- Regular salary paid for the last two years of service, including, but
not limited to, that salary that is deferred pursuant to a state deferred
compensation program.
- Overtime, shift differential, and shift differential overtime paid
during
last two years of service.
- Gross pay adjustments paid affecting the last two years of service,
including emergency response compensation and up to 80 hours of compensatory time.
- Up to a maximum of 240 hours of accumulated annual leave, paid at the
time of retirement separation excluding part B annual leave hours paid at
time of retirement separation.
- Deferred hours under Plan B of the fiscal years ending September 30,
1981, and September 30, 1982, that are paid at the time of retirement
separation.
- Longevity pay equal to two full years.
- Bomb squad pay paid during the last two years of service.
- Post 29 freeway premium paid during the last two years of service.
- On-call pay paid during the last two years of service.
- Banked leave time and furlough hours that fall within your FAC period
will be treated as if you had worked and been paid when the hours were
scheduled.
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