Meet Lindsay

Lindsay has been teaching full time for 20 years and wants to know how much pension she has earned as of June 30, 2020. Let’s calculate Lindsay’s total earned lifetime pension as of June 30, 2020 using the benefit formula for members who began teaching before June 30, 2015.
Component 1 - For all service up to June 30, 2015
Final average earnings "FAE" formula
1.3
%

your FAE above the average YMPE

2.0
%

your FAE above the average YMPE

Component 2 - For each year of service after June 30, 2015
Career average earnings "CAE" formula
1.3
%

your earnings up to the YMPE

2.0
%

your earnings above the YMPE