Special 20- and 25-Year Plans

For PFRS Tier 2, 3 (Article 11), 5 and 6 Members, (Sections 384, 384-d and 384-e)


Special 20- and 25-Year Plans
For PFRS Tier 2, 3 (Article 11), 5 and 6 Members
(Sections 384, 384-d and 384-e)

Your pension is based on your years of credited service and your final average earnings (FAE). Your FAE is the average of your highest three consecutive years of earnings.* Usually these are the years right before retirement, but they can be anytime in your career.

Your FAE can include, but is not limited to, the payments listed below. Payments must be earned in the FAE period. In some cases, restrictions may apply (see Restrictions and Limitations):

  • Regular earnings;
  • Overtime earned in the FAE period;
  • Compensatory overtime;
  • Holiday pay; and
  • Longevity payments (maximum of one per FAE year), if earned in the years used in the FAE calculation.

The following payments are not part of your regular compensation. In most cases, they will not be included in your FAE calculation:

  • Unused vacation;
  • Unused sick leave;
  • Payments made as a result of working your vacation;
  • Any form of termination pay;
  • Payments made in anticipation of retirement; and
  • Any payments made for time not worked.


*Note: Legislation changed the FAE calculation for Tier 6 members. For members who retired before April 1, 2024, your FAE was the average of your highest five consecutive years of earnings.