Definition of Contributory Earnings Sample Clauses

Definition of Contributory Earnings. Contributory earnings must include all regular recurring earnings for all plan members including the following: • Base wages or salary • Regular vacation pay if there is corresponding service • Normal vacation pay for other-than-continuous full-time members. Include vacation hours in credited service • Retroactive pay (including any pay equity adjustment) that fits with OMERS definition of earnings for all members, including active, terminated, retired and disabled members • Lump sum wage or salary benefits which may vary from year to year but which form a regular part of the compensation package and are expected normally to occur each year (for example, payment based on organizational performance, some types of variable pay, merit pay, commissions) • Market value adjustments (for example, percentage paid in addition to a base wage as a result of market conditions, including retention bonuses if they are part of your ongoing pay strategy and not a temporary policy) • Ongoing special allowances (for example, flight allowance, canine allowance) • Pay for time off in lieu of overtime • Pay in lieu of benefits (for example, when an employer has a flexible benefit program and the employee receives compensation in lieu of the benefit option) • Salary or wages for period of suspension where a member is reinstated with full pay and seniority (for example, a grievance settlement specifically reinstates a terminated employee with full pay and seniority) • Danger pay • Acting pay (pay at a higher salary rate for acting in place of an absent person) • Shift premium (pay for shift work) • Ongoing long service pay (extra pay for completing a specified number of years of service) • Xxxx pay deemed to be regular wages or salary • Salary or wage extension for any reason, provided service is extended (the member must be kept whole for example, continuation of salary and benefits). If the member becomes employed in another position and begins contributing to another registered pension plan (except CPP), the balance of the extension period becomes unpurchasable service • Stand-by pay/call-in pay (pay for being on call, not pay for hours worked when called in) where this pay is in relation to duties that are an extension of the member’s normal job • Living accommodation premiums provided (if paid as a form of compensation and not as a direct expense reimbursement) • Ongoing taxable payments to pay for costs (for example, educational or car allowance) • Taxable premiums for lif...
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Definition of Contributory Earnings. Contributory earnings must include all regular recurring earnings for all plan members including the following: • Base wages or salary. • Regular vacation pay if there is corresponding service. • Normal vacation pay for other-than-continuous full-time members. Include vacation hours in credited service. • Retroactive pay (including any pay equity adjustment) that fits with OMERS definition of earnings for all members, including active, terminated, retired and disabled members. • Lump sum wage or salary benefits which may vary from year to year but which form a regular part of the compensation package and are expected normally to occur each year (for example, payment based on organizational performance, some types of variable pay, merit pay, commissions). • Market value adjustments (for example, percentage paid in addition to a base wage as a result of market conditions, including retention bonuses if they are part of your ongoing pay strategy and not a temporary policy). • Ongoing special allowances (for example, flight allowance, canine allowance). • Pay for time off in lieu of overtime. • Pay in lieu of benefits (for example, when an employer has a flexible benefit program and the employee receives compensation in lieu of the benefit option). • Salary or wages for period of suspension where a member is reinstated with full pay and seniority (for example, a grievance settlement specifically reinstates a terminated employee with full pay and seniority). • Danger pay. • Acting pay (pay at a higher salary rate for acting in place of an absent person). • Shift premium (pay for shift work). • Ongoing long service pay (extra pay for completing a specified number of years of service). • Sick pay deemed to be regular wages or salary. • Salary or wage extension for any reason, provided service is extended (the member must be kept whole for example, continuation of salary and benefits). If the member becomes employed in another position and begins contributing to another registered pension plan (except CPP), the balance of the extension period becomes unpurchasable service. • Stand-by pay/call-in pay (pay for being on call, not pay for hours worked when called in) where this pay is in relation to duties that are an extension of the member’s normal job. • Living accommodation premiums provided (if paid as a form of compensation and not as a direct expense reimbursement). • Ongoing taxable payments to pay for costs (for example, educational or car allowance). • Taxab...
Sample 1
Definition of Contributory Earnings. The following definition of contributory earnings under the OMERS pension plan is provided for information purposes only and is non grievable or arbitrable The parties will continue to be bound by any and all amendments to the OMERS pension plan. Contributory earnings, in accordance with OMERS definition, must include all regular recurring earnings as follows: Base wages or salary; Regular vacation pay if there is corresponding service; Normal vacations pay for other-than-continuous full-time members. Include vacation hours in credited service (cannot include any vacation pay that would result in more than 12 months of service); Retroactive pay (including any pay equity adjustment) that fits with OMERS definition of earnings for all members, including active, terminated, retired and disabled members; Lump sum wage or salary benefits which may vary from year to year but which form a regular part of the compensation package and are expected normally to occur each year (e.g. Payment based on organizational performance, some types of variable pay, merit pay, commissions); Market value adjustments (e.g. percentage paid in addition to a base wage as a result of market conditions, including retention bonuses if they are part of your ongoing pay strategy and not a temporary policy); Ongoing special allowances (e.g. flight allowance, canine allowance); Signed in Welland, Ontario this day of , 2013. THE NIAGARA CATHOLIC DISTRICT SCHOOL BOARD CANADIAN UNION OF PUBLIC EMPLOYEES LOCAL 1317 LETTER OF UNDERSTANDING BETWEEN THE NIAGARA CATHOLIC DISTRICT SCHOOL BOARD AND CANADIAN UNION OF PUBLIC EMPLOYEES LOCAL 1317
Sample 1

Related to Definition of Contributory Earnings

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