Final Average Salary (FAS) Cap
PEERS uses a 20% cap or limit on increases in salary during the period that is used to calculate your Final Average Salary. The cap helps prevent salary spiking at the end of one's career for the purpose of increasing a retirement benefit.
This cap does not apply to increases in salary that are due to a genuine change in position or employer, increases required by state statute, or district-wide salary schedule adjustments for previously unrecognized education-related service. If you have questions about what constitutes a change in position or employer, please have your employer's business office contact their PSRS/PEERS Employer Service Representative (ESR).