Pensionable wages under the Employees' Pension Scheme are based on the average monthly wages in the last sixty months, subject to wage ceilings. Pensionable wages are computed as the average monthly wages drawn during the sixty months immediately preceding exit from membership, on a time-rate or piece-rate basis, subject to the applicable wage ceiling. If full wages were not received during that period, the average of the full wages drawn during the preceding sixty months for which contribution to the Pension Fund was recovered is used. Where non-contributory periods exist, wages drawn are divided by the days worked and multiplied by thirty, and pensionable wages are capped at the notified monthly ceiling.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pensionable wages under the Employees' Pension Scheme are based on the average monthly wages in the last sixty months, subject to wage ceilings.
Pensionable wages are computed as the average monthly wages drawn during the sixty months immediately preceding exit from membership, on a time-rate or piece-rate basis, subject to the applicable wage ceiling. If full wages were not received during that period, the average of the full wages drawn during the preceding sixty months for which contribution to the Pension Fund was recovered is used. Where non-contributory periods exist, wages drawn are divided by the days worked and multiplied by thirty, and pensionable wages are capped at the notified monthly ceiling.
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