Example 1
	Hired at:  18
	Final Average Pay:  $50,000
	Retire at:  55 (37 years of participation)
	Below covered compensation limit
	Traditional Formula:			Backloading Test
	1.1% x FAP x Participation (max 35)	$19,250.00		19,250.00/35 = 550
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35)	$0.00			775/550=1.41%
	Plus
	1.55% x FAP x Participation (greater than 35 years)	$1,550.00		1,550.00/2=775
		$20,800.00
	Minimum Formula: (lesser of)
	(1.12% x FAP x Participation (max 35)	$19,600.00
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35))	$0.00		Lesser of:
				$19,600.00
	OR			OR
	1.163% x FAP x Participation (max 35)	$20,352.50		$20,352.50
	PLUS			PLUS
	1.492% x FAP x Participation (greater than 35 years)	$1,492.00		$1,492.00
	EQUALS LESSER OF
		$21,092.00	or
		$21,844.50
Example 2
	Hired at:  25
	Final Average Pay:  $50,000
	Retire at:  55 (30 years of participation)
	Below covered compensation limit
	Traditional Formula:			Backloading Test
	1.1% x FAP x Participation (max 35)	$16,500.00		16,500.00/30 = 550
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35)	$0.00			550/0 = 0%
	Plus
	1.55% x FAP x Participation (greater than 35 years)	$0.00
		$16,500.00
	Minimum Formula: (lesser of)
	(1.12% x FAP x Participation (max 35)	$16,800.00
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35))	$0.00		Lesser of:
				$16,800.00
	OR			OR
	1.163% x FAP x Participation (max 35)	$17,445.00		$17,445.00
	PLUS			PLUS
	1.492% x FAP x Participation (greater than 35 years)	$0.00		$0.00
	EQUALS LESSER OF
		$16,800.00	or
		$17,445.00
Example 3
	Hired at:  18
	Final Average Pay:  $60,000
	Retire at:  55 (37 years of participation)
	Below covered compensation limit
	Traditional Formula:			Backloading Test
	1.1% x FAP x Participation (max 35)	$23,100.00		23,100.00/35 = 660
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35)	$0.00			930/660=1.41%
	Plus
	1.55% x FAP x Participation (greater than 35 years)	$1,860.00		1,860.00/2=930
		$24,960.00
	Minimum Formula: (lesser of)
	(1.12% x FAP x Participation (max 35)	$23,520.00
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35))	$0.00		Lesser of:
				$23,520.00
	OR			OR
	1.163% x FAP x Participation (max 35)	$24,423.00		$24,423.00
	PLUS			PLUS
	1.492% x FAP x Participation (greater than 35 years)	$1,790.40		$1,790.40
	EQUALS LESSER OF
		$25,310.40	or
		$26,213.40
Example 4
	Hired at:  25
	Final Average Pay:  $60,000
	Retire at:  55 (30 years of participation)
	Below covered compensation limit
	Traditional Formula:			Backloading Test
	1.1% x FAP x Participation (max 35)	$19,800.00		19,800/35=566
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35)	$0.00			566/0=0
	Plus
	1.55% x FAP x Participation (greater than 35 years)	$0.00		0
		$19,800.00
	Minimum Formula: (lesser of)
	(1.12% x FAP x Participation (max 35)	$20,160.00
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35))	$0.00		Lesser of:
				$20,160.00
	OR			OR
	1.163% x FAP x Participation (max 35)	$20,934.00		$20,934.00
	PLUS			PLUS
	1.492% x FAP x Participation (greater than 35 years)	$0.00		$0.00
	EQUALS LESSER OF
		$20,160.00	or
		$20,934.00
Example 5
	Hired at:  18
	Final Average Pay:  $70,000
	Retire at:  55 (37 years of participation)
	Below covered compensation limit
	Traditional Formula:			Backloading Test
	1.1% x FAP x Participation (max 35)	$26,950.00		26,950.00/35 = 770
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35)	$0.00			1085/770=1.41%
	Plus
	1.55% x FAP x Participation (greater than 35 years)	$2,170.00		2170.00/2=1085
		$29,120.00
	Minimum Formula: (lesser of)
	(1.12% x FAP x Participation (max 35)	$27,440.00
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35))	$0.00		Lesser of:
				$27,440.00
	OR			OR
	1.163% x FAP x Participation (max 35)	$28,493.50		$28,493.50
	PLUS			PLUS
	1.492% x FAP x Participation (greater than 35 years)	$2,088.80		$2,088.80
	EQUALS LESSER OF
		$29,528.80	or
		$30,582.30
Example 6
	Hired at:  25
	Final Average Pay:  $70,000
	Retire at:  55 (30 years of participation)
	Below covered compensation limit
	Traditional Formula:			Backloading Test
	1.1% x FAP x Participation (max 35)	$23,100.00		23,100/35=660
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35)	$0.00			660/0=0
	Plus
	1.55% x FAP x Participation (greater than 35 years)	$0.00		0
		$23,100.00
	Minimum Formula: (lesser of)
	(1.12% x FAP x Participation (max 35)	$23,520.00
	Plus
	.5% x FAP in excess of Covered Compensation x Participation (max 35))	$0.00		Lesser of:
				$23,520.00
	OR			OR
	1.163% x FAP x Participation (max 35)	$24,423.00		$24,423.00
	PLUS			PLUS
	1.492% x FAP x Participation (greater than 35 years)	$0.00		$0.00
	EQUALS LESSER OF
		$23,520.00	or
		$24,423.00