Net pensionable remuneration definition

Net pensionable remuneration means the amount by which pensionable remuneration exceeds twice the annual maximum personal rate of State Pension (Contributory) payable on the last day of pensionable service to a person who has no adult dependant or qualified children.
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Net pensionable remuneration means the amount by which pension- able remuneration exceeds twice the annual maximum personal rate of State Pension (Contributory) payable on the last day of pension- able service to a person who has no adult dependant or qualified children.
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Net pensionable remuneration means the amount by which pensionable remuneration exceeds twice the annual maximum personal rate of Old Age (Contributory) Pension;
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Examples of Net pensionable remuneration in a sentence

  • Note: Net pensionable remuneration is gross remuneration minus twice the social welfare pension.

  • The dot line plot showed that patients with low-risk exhibited better survival time and survival rate (Fig.

  • Net pensionable remuneration means pensionable remuneration less twice the value at the time of the State (Contributory) Pension (“OAP”) for a single adult with no dependents.

  • Net pensionable remuneration, for the purpose of contributions, is pensionable remuneration, less twice the maximum rate of Social Welfare State Pension (Contributory) payable to a single person.

  • Net pensionable remuneration means pensionable remuneration less twice the value at the time of the State Pension (Contributory) for a single adult with no dependents.


More Definitions of Net pensionable remuneration

Net pensionable remuneration means the amount by which pensionable remuneration exceeds twice the annual equivalent of the maximum personal weekly rate of Social Welfare Old Age (Contributory) Pension payable to a man who has no adult dependent or qualified children;
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Net pensionable remuneration means your Remuneration less an amount equal to twice the State Contributory Pension Rate for a single person. How much do I pay? The following employee contributions are payable:  1.5% of net pensionable remuneration towards Spouse’s/Civil Partner’s and Children’s Pension Scheme. The member’s pension and retirement gratuity are non contributory. Please note that members are required to contribute to the Scheme from the date they become eligible for membership of the Scheme. RETIREMENT BENEFITS What is my Pension? Normal Retirement Age is 30 September following your 65th birthday. The provisions of the Public Service Superannuation (Miscellaneous) Provisions Act 2004 will apply where applicable. If you retire on or after your 65th birthday and have completed at least two years Actual Pensionable Service, your Scheme Pension will be calculated as follows: 1/200 x Pensionable Remuneration below 3⅓ times SCP x Pensionable Service Plus (where applicable) 1/80 x Pensionable Remuneration over 3⅓ times SCP x Pensionable ServiceThe Trinity College Pension payable on retirement is in addition to any entitlement to the State Contributory Pension that may be payable separately by the Department of Social Protection. What is my Retirement Gratuity (Tax Free Lump Sum)? If you retire on or after your 65th birthday and have completed at least two years actual Pensionable Service, you will also receive a retirement gratuity i.e. immediate tax free lump sum. Pensionable Servicex3 The lump sum is based on the following formula and is subject to a maximum of 120/80ths of final salary: *** Sample Retirement Benefit Calculations are detailed overleaf*** Will my Pension increase once in payment? Increases in benefits are not guaranteed although it has been the practice in the University to augment pensions in line with salary increases awarded to serving staff. Any increases in such pensions or preserved benefits under this Scheme will be as authorised from time to time by the Higher Education Authority with the consent of the Minister for Education and Skills and the Minister for Public Expenditure & Reform. What happens on death after retirement? In the case of death after retirement, there will be a Spouse’s/Civil Partner’s Pension payable. This is calculated as 50% of the pension that you were in receipt of a date of death.Children’s Pensions may also be payable in certain circumstances.May I retire early? Early retirement may be possible with the consent of the Board of t...
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Related to Net pensionable remuneration

  • pensionable service means service which may be taken into account in computing pension under these Regulations;

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Earnable compensation means the full rate of the

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Creditable compensation means the full compensation payable annually to an employee working

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Reasonable compensation means, with respect to a regularly employed officer or employee of any person, compensation that is consistent with the normal compensation for such officer or employee for work that is not furnished to, not funded by, or not furnished in cooperation with the Federal Government.

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.

  • Annual Salary means the salary given under this Part.

  • Final Average Earnings means (a) divided by (b) as follows:

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Annual Compensation means an amount equal to the greater of:

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.