Contribution Salary definition

Contribution Salary means the amount of salary fixed by the Employer and paid to the member as appropriate each month, on which contributions are to be paid;

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Contribution Salary and Pensionable Salary in Rule ` shall apply only in relation to a Member who is a full-time Employee; the following definitions shall apply in relation to a Member who is a part-time Employee:

Contribution Salary means the difference between the Maximum Salary for Instructors/Academic Assistants I, II, or III, as set out in Schedule A.01.3, and the Contribution Amount.

Examples of Contribution Salary in a sentence

• The Commission will provide an employer contribution of 15.4 per cent of the employee’s Fortnightly Contribution Salary (FCS) for employees in the Public Sector Superannuation Accumulation Plan (PSSap) and Ordinary Time Earnings (OTE) for employees in other accumulation funds.

• For ordinary employer sponsored members of the Public Sector Scheme Accumulation Plan (PSSap) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member.

• For ordinary employer sponsored members of the Public Sector Superannuation Accumulation Plan (PSSAP) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member.

• Method for calculating superannuation salary The Department will provide an employer contribution of 15.4 per cent of the employee’s Fortnightly Contribution Salary (FCS) for employees in the Public Sector Superannuation Accumulation Plan (PSSap) and employees in other accumulation superannuation funds.

• Where employer contributions are paid to the Public Sector Superannuation accumulation plan (PSSap) or a complying Super Choice fund the employer contribution will be 15.4 per cent of the Fortnightly Contribution Salary (FCS).

• Where an employee has chosen an accumulation fund other than the PSS Accumulation Plan (PSSap), the employer contribution will be the same as that required for employees who are members of the PSSap (currently 15.4% of Fortnightly Contribution Salary).

• The Administrative Appeals Tribunal will provide an employer contribution of 15.4% of the employee’s Fortnightly Contribution Salary (FCS) for employees in the Public Sector Superannuation Accumulation Plan (PSSap) and Ordinary Time Earnings (OTE) for employees in other accumulation funds.

• The AEC will provide an employer contribution of 15.4 per cent of the employee’s Fortnightly Contribution Salary (FCS) for employees in the Public Sector Superannuation Accumulation Plan (PSSap) and Ordinary Time Earnings (OTE) for employees in other accumulation funds.

• Schedule 4 Transitional provision The Department will provide an employer contribution of 15.4% (or such higher amount as may be set out in the PSSap Trust Deed) of the employee’s Fortnightly Contribution Salary (FCS) for employees in the PSSap and employees in other accumulation superannuation funds who were covered by the former Agreement immediately prior to commencement of this Agreement.

• Employer contributions to the PSSap will be made in line with the Superannuation (PSSAP) Trust Deed, currently set at 15.4% of the employee’s Fortnightly Contribution Salary (FCS).

More Definitions of Contribution Salary

Contribution Salary means in relation to a Member the amount by which his Pensionable Salary received in the relevant pay period exceeds the equivalent for that period of the lower earnings limit as at 6th April 1998

Contribution Salary means Salary except that in respect of a Member who is a Capped Member there shall be disregarded the amount in any Tax Year by which his Salary exceeds the amount of the Permitted Maximum for that Tax Year.

Contribution Salary means in respect of any period during which a Member is a part-time Employee, the amount by which his Full-Time Equivalent Salary received in the relevant pay period exceeds the equivalent for that period of the lower earnings limit as at 6th April 1998. "Pensionable Salary" means in relation to any period during which a Member is a part-time Employee, his Full-Time Equivalent Salary.

Contribution Salary. Pensionable Earnings", "Pensionable Salary" "Final Pensionable Earnings" and "Pensionable Service".