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of months of service in the same period. If you have service before 1948, application of the formula involves the number of months of service before 1948, and compensation and flight hours in 1947. (See Questions 19 and 20).

24. Q. How much would my annuity credits be if my service months prior to 1948 are 60; if my flight hours and pay in 1947 are 1000 and $6500, respectively; and if my compensation from 1948 to 1957 runs as follows with service in each month?

[[two columned table]]

| 1948 | $7500 |
| 1949 | 7800 |
| 1950 | 8400 |
| 1951 | 9000 |
| 1952 | 9600 |
| 1953 | 10200 |
| 1954 | 10800 |
| 1955 | 11400 |
| 1956 | 12000 |
| 1957 | 13000 |

A. The first step in the application of the formula is to eliminate from the pay in any calendar  year after 1947 any amount more than $12,000. The $12,000 figure is the limit on creditable pay to be received in any one year; the limit is applicable in 1957. There is a corresponding limit of $1000 on the monthly compensation for prior service. That limit does not apply here since the prior service monthly compensation is $541.67 ($6500 divided by 1000 is $6.50; $6.50 multiplied by 83 1/3 is $541.67). Next, the average monthly compensation is worked out. For the period, creditable compensation is $98,700. For prior service creditable compensation would be $32,500.20 ($541.67 multiplied by 60); total creditable compensation