Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Career Average

A method used to calculate payout to a retiree in a defined-benefit pension plan by determining average annual salary. Years where less than 1,000 hours were worked may not always be included in the calculation.

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Career Agent

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Career Average (Career Earnings) Benefit Formula

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