Pensionable Pay definition

Pensionable Pay means average pay earned by the teacher for the period as may be decided by the Government, from time to time;

Pensionable Pay shall have the same meaning as set out in the Definitive Trust Deed and Rules of the UPF.

Pensionable Pay means that part of a member's pay which counts as pensionable pay under the scheme rules;

Examples of Pensionable Pay in a sentence

• However, the annual indexation of the Pensionable Pay as referred to in this paragraph cannot exceed the general pay increases granted by the Employer, which is the average of the pay increases under the Collective Labour Agreements of SABIC Innovative Plastics B.V. and SABIC Limburg B.V. in the period from January 2 of the previous calendar year up to and including January 1 of the calendar year in question.

• This includes:• the Assumed Pensionable Pay the member was treated as receiving during the Scheme year• the value of emoluments specified in the contract of employment as being pensionable emoluments including the value of salary sacrificed for childcare vouchers and pension contribution salary sacrifice via a Shared cost AVC arrangement.

• Hyperlinks and URLs are not allowed unless specified in the funding opportunity announcement.

• Employees contributions to the NHS Scheme range from to 5.2% to 14.7% of salary (depending on rate of Pensionable Pay) and the employers’ contribution equates to 13.5% of salary.

• Payroll should be instructed to apply Assumed Pensionable Pay (APP) for pension purposes during the period of absence.

More Definitions of Pensionable Pay

Pensionable Pay means, in respect of a particular period, the amount of a Member’s basic pay, salary wages or fees paid to the Member from his or her Employing Authority, plus anything else, whether in a specific case or generally, that the Public Sector Pensions Authority determines in accordance

Pensionable Pay means earnings as specified in the applicable Participation Agreement.

Pensionable Pay means the Member’s Pay calculated at 1st April prior to the Section Year in question or, if later, the date of joining the BR Pension Scheme.

Pensionable Pay means, in relation to a Member, Life Assurance Only Member, Eligible Employee or Apprentice in respect of a Pay Period, that Member’s, Life Assurance Only Member’s, Eligible Employee’s or Apprentice’s basic rate of pay including, for the resolution of doubt, Scheme contributions collected by the net pay method.

Pensionable Pay means the amount of money paid to an OPTrust Select member by an OPTrust Select employer during a calendar year, computed by reference to the hours, days, weeks or other specific periods of time for which the member is employed by the OPTrust Select employer, but does not include overtime pay, lump sum payments other than those representing retroactive salary or wages, performance bonuses, any payment to the member in lieu of a benefit provided by the OPTrust Select employer, payments expressly set out in the relevant OPTrust Select Participation Agreement to be excluded; or any other payment determined by the Board, in its sole and exclusive discretion, not to be part of pensionable pay;

Pensionable Pay means the average pay earned by an employee during the last 10 (ten) months service as per provisions contained in rule 43 of the Gujarat Civil Services (Pension) Rules, 2002 in effect from time to time. However, 50% of Last Pay

Pensionable Pay means for any Calculation Year or tax year a Member’s basic salary (including where appropriate London Weighting and assigned allowances as set out in the terms and conditions of employment appropriate to him) together with:in relation to any Calculation Year the yearly average of contributory allowances as set out in the terms and conditions of employment appropriate to him over the period of two consecutive tax years ending during that Calculation Year plus the period (if any) between the end of the Calculation Year (or any shorter period for which he has been a Member) revalued and decided by the Trustees, orin relation to any tax year, any contributory allowances during that tax year;less in either case an amount equal to the average Lower Earnings Deduction in force from time to time during the Calculation Year or tax year…”