62.12. The adjusted pensionable salary for a year, used to compute the annualized pensionable salary of an officer who holds pensionable employment under the plan for which the basis of remuneration is 260 days, is the pensionable salary established under sections 51, 52 and 60.2 to 61.1, multiplied by the daily factor applicable to that salary for the class of officers to which the officer belongs and divided by the number of contributory days included in the pensionable salary reference period for the year determined under section 62.18.
However, if a lump sum included in the pensionable salary is paid during the year as an increase in or adjustment to the pensionable salary for a previous year, it must be subtracted from the pensionable salary for the year during which it is paid.
The daily factor referred to in the first paragraph makes it possible to convert the annual basic salary into a daily salary, on the basis of the conditions of employment applicable to the officer. The Government may, by regulation, establish the daily factor, which may vary with the class of officers and the terms of payment of the officers’ salary.