Salary for Superannuation Purposes Sample Clauses

Salary for Superannuation Purposes. The definition of salary for superannuation purposes differs depending upon the employee’s nominated Superannuation Scheme. The employee and the Library agree that the Library will certify the salary for superannuation purposes according to the terms and conditions of the nominated Superannuation Scheme of the employee.
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Salary for Superannuation Purposes. (1) The Secretary and an employee may agree a salary for superannuation purposes in respect of the employee’s membership of the Commonwealth Superannuation Scheme, Public Sector Superannuation Defined Benefits Scheme or the Public Sector Superannuation Accumulation Plan or such other accumulation plan chosen by the employee under clause 3.52.
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Salary for Superannuation Purposes. 9.1 Salary for superannuation purposes will be calculated as if a full 4.5% base rate increase was paid from the date of commencement of this Agreement.
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Salary for Superannuation Purposes. For the Commonwealth Superannuation Scheme and for the purposes of the Superannuation Act 1976 the annual rate of salary is the amount to which the employee is entitled as per Schedule 1. For Public Sector Superannuation Scheme members and for the purposes of the Trust Deed and Rules under the Superannuation Act 1990 the: Basic Salary is the amount to which the employee is entitled at Schedule 1; and the amount of any allowances to which the employee is entitled under this Agreement. For ordinary employer sponsored members of the Public Sector Superannuation Accumulation Plan (PSSAP) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member. Employers Superannuation Contribution ACLEI will make compulsory employer contributions as required by the applicable legislation and fund requirements. Without providing financial advice ACLEI will: ensure that a new employee is fully informed about superannuation arrangements immediately on commencement or recommencement of employment allow superannuation choice for an employee who is eligible for membership of the Public Sector Superannuation Accumulation Plan; and provide an employer contribution of 15.4% of ordinary time earnings for members of the Public Sector Superannuation Accumulation Plan and for those employees exercising superannuation choice.
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Salary for Superannuation Purposes. 6.14 Except where a higher rate is maintained in accordance with the rules of the superannuation scheme and / or legislation, salary for all superannuation purposes is the salary provided for in the salaries schedule at Appendix 2. Employer Superannuation Contributions
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Salary for Superannuation Purposes. 22.1 The rate of salary for superannuation purposes is in accordance with the rules of either:
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Related to Salary for Superannuation Purposes

  • Salary Sacrifice to Superannuation (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation.

  • Superannuation Benefits (a) An employer may make an application to the Commission for relief from the obligation to make severance payments in circumstances where:

  • Superannuation The subject of superannuation is dealt with extensively by legislation including the Superannuation Guarantee (Administration) Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993. This legislation, as varied from time to time, will govern the superannuation rights and obligations of the parties.

  • Use of Vacation Leave for Sick Leave Purposes The Employer may allow an employee who has used all of his or her sick leave to use vacation leave for sick leave purposes as provided in Article 12.2 A. An employee who has used all of his or her sick leave may use vacation leave for sick leave purposes as provided in Article 12.2 B – H.

  • CULTURAL LEAVE FOR ABORIGINAL EMPLOYEES The Superintendent of Schools or their designate, may grant five (5) paid days per year leave with seven (7) days written notice from the employee to participate in Aboriginal Cultural event(s). Such leave shall not be unreasonably denied.

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • How Are Distributions from a Xxxxxxxxx Education Savings Account Taxed For Federal Income Tax Purposes? Amounts distributed are generally excludable from gross income if they do not exceed the beneficiary’s “qualified higher education expenses” for the year or are rolled over to another Xxxxxxxxx Education Savings Account according to the requirements of Section (4). “Qualified higher education expenses” generally include the cost of tuition, fees, books, supplies, and equipment for enrollment at (i) accredited post-secondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate-level or professional degree or another recognized post-secondary credential and (ii) certain vocational schools. In addition, room and board may be covered if the beneficiary is at least a “half-time” student. This amount may be reduced or eliminated by certain scholarships, qualified state tuition programs, HOPE, Lifetime Learning tax credits, proceeds of certain savings bonds, and other amounts paid on the beneficiary’s behalf as well as by any other deductions or credits taken for the same expenses. The definition of “qualified education expenses” includes expenses more frequently and directly related to elementary and secondary school education, including the purchase of computer technology or equipment or Internet access and related services. To the extent payments during the year exceed such amounts, they are partially taxable and partially non-taxable similar to payments received from an annuity. Any taxable portion of a distribution is generally subject to a 10% penalty tax in addition to income tax unless the distribution is (i) due to the death or disability of the beneficiary, (ii) made on account of a scholarship received by the beneficiary, or (iii) is made in a year in which the beneficiary elects the HOPE or Lifetime Learning credit and waives the exclusion from income of the Xxxxxxxxx Education Savings Account distribution. You may be allowed to take both the HOPE or Lifetime Learning credits while simultaneously taking distributions from Xxxxxxxxx Education Savings Accounts. However, you cannot claim a credit for the same educational expenses paid for through Xxxxxxxxx Education Savings Account distributions. To the extent a distribution is taxable, capital gains treatment does not apply to amounts distributed from the account. Similarly, the special five- and ten-year averaging rules for lump-sum distributions do not apply to distributions from a Xxxxxxxxx Education Savings Account. The taxable portion of any distribution is taxed as ordinary income. The IRS does not require withholding on distributions from Xxxxxxxxx Education Savings Accounts.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Consideration of Salary History Contractor shall comply with San Francisco Administrative Code Chapter 12K, the Consideration of Salary History Ordinance or “Pay Parity Act.” Contractor is prohibited from considering current or past salary of an applicant in determining whether to hire the applicant or what salary to offer the applicant to the extent that such applicant is applying for employment to be performed on this Agreement or in furtherance of this Agreement, and whose application, in whole or part, will be solicited, received, processed or considered, whether or not through an interview, in the City or on City property. The ordinance also prohibits employers from (1) asking such applicants about their current or past salary or (2) disclosing a current or former employee’s salary history without that employee’s authorization unless the salary history is publicly available. Contractor is subject to the enforcement and penalty provisions in Chapter 12K. Information about and the text of Chapter 12K is available on the web at xxxxx://xxxxx.xxx/olse/consideration-salary-history. Contractor is required to comply with all of the applicable provisions of 12K, irrespective of the listing of obligations in this Section.

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