Annualized Pensionable Earnings

Annualized earnings are equal to your pensionable earnings for a calendar year, divided by the credited service earned in that year. HEPP pensionable earnings are your regular earnings including vacation pay, paid LOAs such as paid sick LOAs, and pre-retirement leave taken as salary continuance. 

Non-pensionable earnings such as shift premiums, overtime, lump sum payments and some allowances are excluded from HEPP pensionable earnings.


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