Examples of Actual Salary in a sentence
Word/phrase Meaning Actual Salary The salary you actually receive.
The Actual Salary shall be prorated from the Nominal Salary in direct relation to the approved reduction of duties for the reduced appointment plus an amount of salary equivalent to the difference between the Employer contribution to the Pension Plan based on the Actual Salary and the employee’s contribution based on the Nominal Salary.
Contributions and benefits under the Academic Long Term Disability Plan will be based on the employee’s Actual Salary.
This must be within the stated range.The Actual Salary is calculated automatically, based on the annual salary, full time equivalent and weeks worked per year pro rata.
Typically for the benefits paid onor before the retirement age, the longevity risk is not very material.Actuarial riskSalary Increase Assumption: Actual Salary increase that are higher than the assumed salary escalation, will result in increase to the obligation at a rate that is higher than expected.The following table summarizes the components of net benefit expense recognized in the statement of profit and loss and the fundedstatus and amounts recognized in the balance sheet.