Common use of Indexed average pay scheme Clause in Contracts

Indexed average pay scheme. An indexed average pay scheme must at least have the following elements in addition to the other conditions in this chapter: – an accrual percentage of 1.75% per participation year; – a maximum state pension deductible of 1 19,734.87 on 1 January 2020, and a maximum state pension deductible of 1 20,011.16 on 1 January 2021. The maximum state pension deductible will be adjusted in line with the general wage development of this CLA.

Indexed average pay scheme. An indexed average pay scheme must at least have the following elements in addition to the other conditions in this chapter: – an accrual percentage of 1.75% per participation year; – a maximum state pension deductible of 1 19,734.87 € 20,711.55 on 1 January 2020, 2023 and a maximum state pension deductible of 1 20,011.16 € 21,755.41 on 1 January 20212024. The maximum state pension deductible will be adjusted in line with the general wage development of this CLA.

Indexed average pay scheme. An indexed average pay scheme must at least have the following elements in addition to the other conditions in this chapter: – an accrual percentage of 1.75% per participation year; – a maximum state pension deductible of 1 19,734.87 on 1 January 2020, and a maximum state pension deductible of 1 20,011.16 on 1 January 20212022. The maximum state pension deductible will be adjusted in line with the general wage development of this CLA.. 66 CLA Banks 67

Indexed average pay scheme. An indexed average pay scheme must at least have the following elements in addition to the other conditions in this chapter: – an accrual percentage of 1.75% per participation year; – a maximum state pension deductible of 1 19,734.87 19,253.53 on 1 January 20202019, and a maximum state pension deductible of 1 20,011.16 19,734.87 on 1 January 20212020. The maximum state pension deductible will be adjusted in line with the general wage development of this CLA.. 66 CLA Banks