Maximum Earnings Calculation - Examples
Non Management Title
Pay rate before retirement 56,500/yr (grade 11, step 9)
Current pay rate for position title 57,630/yr (grade 11, step 9)
employee retired from1
Retirement pension 45,200/yr
Max 960 hour earnings 12,430/yr
1 New collective bargaining salary chart, may or may not include reclassification
Pay rate before retirement 87,430/yr (Exec Mgr VIII)
Current pay rate for position title 90,052/yr (Exec Mgr VIII)
employee retired from 2
Retirement pension 69,944/yr
Max 960 hour earnings 20,108/yr
2 The above calculation is based upon an average base salary increase of 3% for one year. Agencies may use average managerial base salary increases as a guideline for determining the current pay rate for management titles. There may be other legal alternative methods of calculating the current pay rate for the position from which the employee retired. Agencies may contact HRD if they wish to pursue these options. As indicated above, it is strongly recommended that agencies document their calculation method in case they become subject to audit.
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