Creditable Earnings Sample Clauses
The 'Creditable Earnings' clause defines which types of employee compensation are counted towards pension or retirement benefit calculations. Typically, this includes regular salary, wages, and may also encompass bonuses, overtime, or certain allowances, depending on the plan's rules. By clearly specifying what earnings are considered, the clause ensures accurate benefit calculations and prevents disputes over what income should be included, thereby promoting fairness and transparency in retirement planning.
Creditable Earnings. The Parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received by the Department Chair pursuant to the terms of this Contract. Any and all determinations regarding creditable earnings, creditable service and related TRS issues shall be made by TRS and, where applicable, a court of competent jurisdiction.
Creditable Earnings. The Parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received by the Director pursuant to the terms of this Contract. Any and all determinations regarding creditable earnings, creditable service and related IMRF issues shall be made by IMRF and, where applicable, a court of competent jurisdiction.
Creditable Earnings. The Parties hereby agree that the District and DEA makes no representations regarding the creditable earnings status with respect to any compensation received by LSMs pursuant to the terms of this Agreement. Any and all determinations regarding creditable earnings, creditable service and related TRS issues shall be made by TRS and, where applicable, a court of competent jurisdiction.
Creditable Earnings. The Parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received DocuSign Envelope ID: - by the Administrator pursuant to the terms of this Contract. Any and all determinations regarding creditable earnings, creditable service and related IMRF issues shall be made by IMRF and, where applicable, a court of competent jurisdiction.
Creditable Earnings. The Parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received by the Principal pursuant to the terms of this Contract. Any and all determinations DocuSign Envelope ID: 71822B6D-0D9B-44E6-A9F4-28109C2012DD regarding creditable earnings, creditable service and related TRS issues shall be made by TRS and, where applicable, a court of competent jurisdiction.
Creditable Earnings. The Board makes no representations regarding the creditable earnings status of any compensation received by the Superintendent pursuant to the terms of this Contract. Any and all determinations regarding creditable earnings, creditable service, and related TRS issues will be made by TRS and, where applicable, a court of competent jurisdiction.
Creditable Earnings. Notwithstanding any of the other provisions of this agreement, no teacher who is less than ten (10) years from retirement eligibility may receive an overall increase in total reportable creditable earnings in excess of six percent (6%) of the previous year’s total reportable creditable earnings, unless the payment causing the teacher to exceed the six percent (6%) salary threshold is specifically exempt by statute or regulation from the payment of any penalty or other monies constituting a surcharge to the Teachers’ Retirement System. Should the Illinois General Assembly or the Teachers’ Retirement System impose a salary threshold greater or lesser than the six percent (6%) threshold thereby causing the payment of any penalty or other monies constituting a surcharge to TRS, then this agreement shall automatically incorporate this new threshold upon its effective date. Step BA BA+15 MA/BA+60 MA+15 MA+30 MA+45 MA+60 1 $38,178 $38,942 $40,110 $41,513 $43,174 $45,116 $47,373 2 $38,564 $39,335 $40,515 $41,932 $43,610 $45,572 $47,851 3 $38,953 $39,732 $40,924 $42,356 $44,051 $46,032 $48,335 4 $39,347 $40,134 $41,337 $42,784 $44,496 $46,497 $48,823 5 $39,744 $40,539 $41,755 $43,216 $44,945 $46,967 $49,316 6 $41,334 $42,160 $43,425 $44,945 $46,743 $48,845 $51,289 7 $42,161 $43,003 $44,294 $45,843 $47,678 $49,823 $52,315 8 $43,003 $43,863 $45,180 $46,760 $48,632 $50,820 $53,360 9 $43,863 $44,740 $46,083 $47,695 $49,604 $51,835 $54,427 10 $44,741 $45,636 $47,005 $48,650 $50,596 $52,873 $55,516 11 $45,993 $46,914 $48,320 $50,011 $52,013 $54,352 $57,071 12 $46,913 $47,852 $49,286 $51,012 $53,053 $55,440 $58,212 13 $47,851 $48,808 $50,273 $52,032 $54,114 $56,549 $59,376 14 $48,808 $49,784 $51,278 $53,074 $55,196 $57,679 $60,563 15 $49,785 $50,780 $52,304 $54,135 $56,299 $58,832 $61,775 16 $51,178 $52,202 $53,768 $55,650 $57,876 $60,480 $63,504 17 $51,178 $52,202 $54,843 $56,763 $59,033 $61,691 $64,774 18 $51,178 $52,202 $55,940 $57,899 $60,214 $62,925 $66,070 19 $51,178 $52,202 $57,060 $59,057 $61,418 $64,183 $67,392 20 $51,178 $52,202 $58,201 $60,238 $62,647 $65,465 $68,740 21 $51,178 $52,202 $59,830 $61,924 $64,401 $67,300 $70,663 22 $51,178 $52,202 $61,087 $63,225 $65,754 $68,713 $72,147 23 $51,178 $52,202 $62,430 $64,615 $67,200 $70,224 $73,735 24 $51,178 $52,202 $63,867 $66,101 $68,746 $71,839 $75,432 25 $51,178 $52,202 $65,399 $67,688 $70,396 $73,564 $77,242 26 $51,178 $52,202 $66,707 $69,041 $71,804 $75,035 $78,786 27 $51,178 $52,202 $68,041 $70,423 $73,240 $76,...
Creditable Earnings. Notwithstanding any of the other provisions of this agreement, no teacher who is less than ten (10) years from retirement eligibility may receive an overall increase in total reportable creditable earnings in excess of six percent (6%) of the previous year’s total reportable creditable earnings, unless the payment causing the teacher to exceed the six percent (6%) salary threshold is specifically exempt by statute or regulation from the payment of any penalty or other monies constituting a surcharge to the Teachers’ Retirement System.
Creditable Earnings. “TRS creditable earnings,” wherever that phrase is used in the entirety of this provision (Retirement Incentive Award Payment), shall mean total TRS creditable earnings including any pension payment.