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Definitions
Final pensionable salary
The greater of:
- the highest pensionable salary you received in any 12 months of your last 5 years of pensionable service;
- the highest figure produced from averaging any 3 consecutive years’ pensionable salary you received in the 10 years before leaving active membership of the Plan.
For the purpose of this calculation, the pensionable salary paid in any year in the last 10 years shall be increased by the rise in the Retail Prices Index (RPI) from the end of the year in question to the date of leaving.