Almost. 233.30 x 52 = 12,131.60 x 3.333333 = 40,438.66.
The first part of the formula is 1/200 of your salary below 40,438.66 = 202.19, multiplied by 35 years service = 7,076.76
The second part is 1/80th of the balance of your salary over 40,438.66 <50,000> = 9,561.41/80= 119.51, multiplied by...