Gross pensionable pay definition
Gross pensionable pay means subject to paragraph 2.2 of this Schedule the highest annual average of a Bells Member’s basic salary from the Employers (plus any regular emoluments specifically stated to be pensionable in the Bells Member’s contract of employment) over any two year period in the last five years before the Bells Member leaves Service or dies, whichever occurs first.
Gross pensionable pay means current basic pay (i.e. actual Rate 1, Rate 2 or Rate 3 Pay and so on) including, where applicable, any long-service increments payable plus pensionable allowances in the nature of pay and additional pay. ‘Net pensionable pay’ means gross pensionable pay less twice the maximum rate of State Pension Contributory payable to a single person with no dependants.
Gross pensionable pay means subject to paragraph 2.2 of this Schedule the annual amount of the Member’s basic salary from the Employers plus such other emoluments as the Employer shall authorise to be included.
More Definitions of Gross pensionable pay
Gross pensionable pay means current basic pay (i.e. actual Rate 1, Rate 2 or Rate 3 Pay and so on) and military service allowance (MSA) including, where applicable, any long-service increments (LSIs), flying pay and additional pay as well as any other pensionable payments (see section 7).