Pensionable compensation definition

Pensionable compensation means the amount of the participant's
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Pensionable compensation means the Participant’s Pensionable Compensation as defined in the MMR-ECAP.
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Examples of Pensionable compensation in a sentence

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

  • Pensionable compensation does not include monies paid to new 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).

  • It is defined as “...the normal monthly rate of pay or base pay of the member paid in cash to similarly situated members of the same group or class or employment for services rendered on a full-time basis during normal working hours, pursuant to publicly available pay schedules.” Pensionable compensation, as mandated by law, has specific rules that exclude certain elements of total pay from being used in retirement benefit calculations.

  • Code Section 7522.34(a) and (b).)Pursuant to CCCERA’s “Pensionable Compensation Policy”3, Section III:The CCCERA Board has determined that "Pensionable Compensation" includes "base pay." Pensionable compensation does not include any pay other than base pay, in accordance with Govt.

  • Pensionable compensation must be greater than zero and must be less than, or equal to, earnable compensation.

  • Pensionable compensation, at a minimum, shall not include, in any case, the following pay items.

  • PENSIONABLE COMPENSATION FOR MEMBERS IN PEPRA TIERS Pensionable compensation is a term specific to PEPRA members.

  • Pensionable compensation is defined as the normal monthly rate of pay or base pay of the employee paid in cash to similarly situated members of the same group or class of employment for services rendered on a full-time basis during normal working hours, pursuant to publicly available pay schedules.

  • Pensionable compensation includes basic pay, longevity payments, acting officers’ pay, bonuses and other special forms of compensation.


More Definitions of Pensionable compensation

Pensionable compensation means regular salary or wages actually paid by a Participating Company to a Participant, and which would have been payable to him or her but for his or her Basic Contributions made pursuant to Section 3.01 of the MMR-ECAP, his or her catch-up contributions pursuant to Section 3.09 of the MMR-ECAP, contributions to Code Section 125 Plans during the year and deferrals under a Code Section 132(f)(4) transportation fringe benefit, plus regularly scheduled overtime, and fifty percent of all other overtime, shift differential, and bonuses, excluding contributions to a plan of deferred compensation which are not included in the Participant’s gross income for the taxable year in which contributed, completion and sign-on bonuses, overseas premiums, and living and other allowances.
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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 ...
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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.”
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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.
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Pensionable compensation means the normal monthly rate of pay or base pay and;
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Related to Pensionable compensation

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Final compensation of a member means:

  • 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.

  • 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.

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

  • 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.