final average compensation
Defined in 1 place of the United States Code.
The term “final average compensation” means the participant's average annual compensation for—
(I) the 3-consecutive year period ending with the current year, or
(II) if shorter, the participant's full period of service.
Source
- 1994–present26 U.S.C. § 401Internal Revenue Code · Qualified pension, profit-sharing, and stock bonus plans · for purposes of this title