What is the maximum pension as a percentage of the highest three-year average?

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In this pension setup, the benefit is based on the highest three-year average earnings, multiplied by an accrual rate per year and the number of years of service, with a cap that limits the pension as a percentage of that average. The plan specifies that the maximum pension you can receive is 80% of the highest three-year average. This means even if you accumulate many years of service, the payout cannot exceed 80% of that average, keeping benefits within a defined limit. For example, with an accrual rate of about 2% per year, reaching 40 years of service would hit the 80% cap (40 years × 2% = 80%), while fewer years would yield a lower percentage proportionally. The other options—70% can occur with less service or a lower accrual level, but they are not the maximum; 85% and 90% would require a higher cap than this plan allows.