Calculating the Bridge Benefit
Here are the important numbers to help us utilize this equation:
- Lindsay’s service up to June 30, 2015: 15 years
- Her Final Average Earnings (FAE), calculated using her annual earnings from July 1, 2010 to June 30, 2015: $77,800
- Average YMPE: $51,120 (from 2015 and previous four years)
Lindsay's earned bridge benefit up to June 30, 2015