766b

The average compensation of all new participants who join the System for the first time after April 1, 1990 shall be calculated based on the average of the last five (5) years of creditable service. This period of five (5) years shall be the base period. If the annual compensation in any of the years covered in the base period, exceeds by more than ten percent (10%) the annual compensation of the immediately preceding year, the compensation in excess of said ten percent (10%) shall not be included in the calculation of average compensation. History —May 15, 1951, No. 447, p. 1298, added as § 6-B on Feb. 16, 1990, No. 1, § 1; renumbered as § 1-108 on Sept. 24, 1999, No. 305, § 8; Sept. 2, 2000, No. 302, § 3.

The average compensation of all new participants who join the System for the first time after April 1, 1990 shall be calculated based on the average of the last five (5) years of creditable service. This period of five (5) years shall be the base period. If the annual compensation in any of the years covered in the base period, exceeds by more than ten percent (10%) the annual compensation of the immediately preceding year, the compensation in excess of said ten percent (10%) shall not be included in the calculation of average compensation. History —May 15, 1951, No. 447, p. 1298, added as § 6-B on Feb. 16, 1990, No. 1, § 1; renumbered as § 1-108 on Sept. 24, 1999, No. 305, § 8; Sept. 2, 2000, No. 302, § 3.

The average compensation of all new participants who join the System for the first time after April 1, 1990 shall be calculated based on the average of the last five (5) years of creditable service. This period of five (5) years shall be the base period. If the annual compensation in any of the years covered in the base period, exceeds by more than ten percent (10%) the annual compensation of the immediately preceding year, the compensation in excess of said ten percent (10%) shall not be included in the calculation of average compensation. History —May 15, 1951, No. 447, p. 1298, added as § 6-B on Feb. 16, 1990, No. 1, § 1; renumbered as § 1-108 on Sept. 24, 1999, No. 305, § 8; Sept. 2, 2000, No. 302, § 3.