Pensionable compensation definition

Pensionable compensation means the amount of the participant's

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Pensionable compensation means the normal monthly rate of pay or base pay and;

Pensionable compensation means the amount of the participant's annual compensation that does not exceed the limitation specified in section 38-843.04 or 38-895.01, as applicable.

Examples of Pensionable compensation in a sentence

• Pensionable compensation and other pension related conditions are governed by the provisions of PEPRA and the OCERS Board of Retirement.

• Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United State Code Section 430 (b).

• Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United States Code Section 430 (b).

• Pensionable compensation and other pension related conditions are governed by the provisions of the law.

• Pensionable compensation is for services rendered on a full-time basis during normal working hours and will be paid based upon a publicly available pay schedule.

• Pensionable compensation may differ for CalPERS classic and new members.

• Pensionable compensation is limited to base pay only and 100% of social security wage base.

• Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United State Code Section 430(b).

• Pensionable compensation does not include monies paid to new miscellaneous members for bonuses, uniform allowance, overtime allowance or reimbursement for housing and vehicles, or any ad hoc or one-time payments pursuant to Government Code Section 7522.34(c).

• Pensionable compensation used to calculate the defined benefit shall be limited by 120% of Social Security Wage Limit [California Government Code 7522.10.

More Definitions of Pensionable compensation

Pensionable compensation means compensation as defined by the applicable pension plan, and any pensionable compensation paid pursuant to the Section captioned "Termination Provisions" after your employment terminates will be treated as paid when it would have been paid if your employment had not terminated. The benefits provided by the preceding provisions of this Section ("Additional Pension Credit") will be paid out of GTE's funded plans, out of GTE's general assets, or both, at GTE's discretion. FINANCIAL COUNSELING - If you continue as an employee of (or consultant to) GTE until June 30, 2004, in accordance with this Agreement, then from July 1, 2004, through June 30, 2006, GTE will provide you with financial counseling assistance consistent with the GTE policy then in effect for other senior executives, subject, however, to your execution of the release prescribed by the Section captioned "Release" and your compliance with the covenants set forth in the Sections captioned "Covenants" and "Confidentiality." TERMINATION PROVISIONS - o CHANGE IN CONTROL - Upon the occurrence of a Qualifying Termination following a Change in Control (as those terms are defined in your ESA) during the Term of Employment, you will be entitled to receive additional pension benefits in accordance with the Section captioned "Additional Pension Credit." Upon the occurrence of a Qualifying Termination following a Change in Control during the Term of Employment, you also will become entitled to receive (1) two years of financial counseling assistance consistent with the GTE policy then in effect for other senior executives, and (2) the Long-Term Performance Incentive, payable in accordance with (and on the date(s) prescribed by) the Section captioned "Long-Term Performance Incentive" (or, if greater, the amount that would have been payable in accordance with such Section if the Performance Percentage were 100%), subject in each case to your execution of the release prescribed by the Section captioned "Release" and your compliance with the covenants set forth in the Sections captioned "Covenants" and "Confidentiality." Although you will not be entitled to any additional payments, benefits, or grants under this Agreement following the Qualifying Termination, you also will receive any other benefits to which you are entitled under your ESA. If you incur a Qualifying Termination after a Change in Control (as those terms are defined in your ESA) during the Term of Employment, except as provided above in this ...

Pensionable compensation means the “base pay” paid to “similarly situated members of the same group or class of employment” pursuant to “publicly available pay schedules.”

Pensionable compensation for new employees means normal monthly rate of pay or base pay paid to similarly situated members of the same group or class of employment for services performed on a full-time basis during normal working hours, pursuant to a publicly available pay schedule.