Benefit ratio definition

Benefit ratio means a number computed to six decimal places on July 1 of each year obtained by dividing the average of all benefits charged to an employer during the five periods of four consecutive calendar quarters immediately preceding the computation date by the employer’s average annual taxable payroll.
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Benefit ratio means the quotient of total benefits charged to an employer's account and paid during the preceding experience period divided by total taxable wages payable by the employer for that experience period excluding any portion of wages for which contributions were not paid as of July 31 of the preceding calendar year;
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Benefit ratio means the result determined by dividing an employer’s benefit charges by the employer’s taxable payroll.
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Examples of Benefit ratio in a sentence

  • Cost Benefit ratio was computed by the method adopted by Siddiqui et al.

  • The estimate of Cost Benefit ratio for flood control aspect alone could also be calculated.

  • Benefit ratio of Thu Duc Trading and Import Export JSC: 100%.Proportion of voting rights: 100%.

  • Table 4 - Benefit ratios and replacement rates (in %) Source: Commission services, EPC.Note: The 'Benefit ratio' is the average benefit of public pension and public and private pensions, respectively, as a share of the economy-wide average wage (gross wages and salaries in relation to employees), as calculated by the Commission.

  • VA/VHA projects a net loss of $ 8,333,366.90 (total costs $11,374,046.10 – projected collections $3,040,679.20), or a Cost to Benefit ratio of .267 to 1, resulting in a non-favorable CBA ratio.

  • Benefits paid under the RUIA for an employee’s days of unemployment or days of sickness are paid from this Account.(b) Benefit ratio.

  • Benefit ratio contributions received.(204.1 added July 1, 1985, P.L.96, No.30) Section 205.

  • Table 3: Decomposing pension spending as a % of GDP between 2000 and 2050 Notes: Dependency ratio is population aged 55+ as % of population aged 15 to 64 Employment (inverse) ratio is population aged 15-64 as % of persons employed Benefit ratio is average pension as % of GDP per person employedEligibility ratio is number of pension beneficiaries as % of persons aged 55+Source: Economic Policy Committee (2001).

  • Should SAICA amend this RFQ, amendment will be sent to each Bidder in writing.

  • Here, Social Profitability (SP), Domestic Resource Cost (DRC) and Social Cost Benefit ratio (SCB) were used to measure comparative advantage.4.5.1.3. Social Profitability (SP) – The social profit reflects social opportunity costs and it measures efficiency and comparative advantage.


More Definitions of Benefit ratio

Benefit ratio means the price of the Company's share in the TASE on the record date for the right to participate in the said issuance of rights divided by the base price of the Company's share in the TASE “ex-rights”.
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Benefit ratio means the quotient of total benefits charged to an employer's account and paid during the preceding experience period divided by total taxable wages payable by the employer for that experience period excluding any
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Related to Benefit ratio

  • 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.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Final average salary means whichever of the following is greater:

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are internally available to (y) Consolidated Interest Expense for such four fiscal quarters; provided, however, that:

  • Interest Coverage Ratio means, as of the end of each fiscal quarter, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the then-most recently concluded period of four consecutive fiscal quarters.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • 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.