Net Pay means the amount of money due an employee as compensation after any deductions or withholdings other than an employer’s withholding for the purpose of recovering any overcompensation.
Net Pay means the Deemed Direct Payment minus the Deductions;
Net Pay means the average gross monthly remuneration by the Board of a member at the date when his employment is terminated by death or disability, including service pay, but excluding shift differential, acting rank, standby compensation, field instructor's compensation, court time and overtime pay, less the monthly average amounts at that time normally deducted from such remuneration in respect of income tax, employment insurance, Canada Pension Plan and other statutory deductions and also less such deductions as the Board is at that time required to make pursuant to the Collective Agreement in respect of medical, dental and life insurance premiums.
Examples of Net Pay in a sentence
Table IV.A1.—Operations of the OASI Trust Fund, Calendar Years 2006-20a[Dollar amounts in billions]Income Cost AssetsNet pay- roll taxGFreim- Taxa- BenefitAdmin- istra-NetRRB increase Amount TrustCalendar contri- burse- tion of Net pay- tive inter- during at end fund year Total butions mentsb benefits interest Total ments costs change year of year ratiocHistorical data:2006 .
More Definitions of Net Pay
Net Pay is defined as the employee's base wages minus his federal and state income tax deductions as of the date of injury.
Net Pay means the regular rate of pay of a member less any difference between the income tax payable by that member prior to the onset of disability and the income tax payable by the member after the onset of disability. Further, in the event of permanent disability, the regular rate of pay in respect to the member shall be reduced by the amount of all normal pay deductions, which because of disability, no longer have application.
Net Pay means an employee's salary less the total of:
Net Pay means the value of the Employee’s basic rate of pay less E.I., C.P.P., Income Tax, and O.M.E.R.S. deductions,
Net Pay is defined to mean: Gross Pay less mandatory deductions of Federal Income Tax Withholding deduction for the employee, State of Maine Income Tax Withholding for the employee, and Social Security and Maine State Retirement System employee deduction for the pay period immediately prior to the date of the incapacity of a unit member.
Net Pay means the regular rate of pay of a member less any difference between the income tax payable by that member prior to his disability or death and the income tax payable by the member after his disability, or in the event of his death, the difference between the income tax payable by the member prior to his death and the income tax payable by his widow or children following his death. Further, in the event of death or permanent disability, the regular rate of pay in respect to the member shall be reduced by the amount of all normal pay deductions which because of death or disability, no longer have application. Provided, however, that the regular rate of pay shall not be reduced by the amount of member contributions for those benefit plans in respect to which the widow contracts with the City to maintain membership in and obtain coverage through payment of a total premium because of such benefits.
Net Pay means the amount for the members rank in Appendix “A”. There shall be no effect on pensionable service or contributions to the member.