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Final Compensation Compensation is payment you receive for service performed during normal work hours. The final compensation calculation is based on your highest average full-time monthly pay rate over the highest 12 or 36 consecutive month period depending on your employer's contract. CalPERS Benefits Basics Handout ca.gov https://.calpers.ca.gov › member › benefit_basics_il ca.gov https://.calpers.ca.gov › member › benefit_basics_il
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