Initial Final Average Salary

Select from the drop-down list the data item containing the initial Final Average Salary.

This will be used as Final Average Salary as at the valuation date and blended with projected final average salary calculated using Current Salary and Salary Inflation to produce Final Average Salary during the specified averaging period.

If left blank, Final Average Salary as at the valuation date will be calculated using Current Salary deflated using the Salary Inflation rate specified.

More information on the application of this field can be found in the Infocus Document relating to Salary Projections.