Pensionable Earnings. Pensionable earnings include base salary, stipends, and any variable pay paid by or through the Employer.
Pensionable Earnings. The pensionable earnings are an important starting point in determining the premiums. The pensionable earnings are the pensionable salary minus the pension offset. We determine the pensionable earnings on 1 January of each year. Example calculation 1 Pensionable earnings Let’s assume the participant has a full-time annual salary of € 165,000.00 gross (this is his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 115,000.00. His/her pensionable earnings are € 165,000.00 minus € 115,000.00 = € 50,000.00. If the pensionable salary becomes less, we will determine the pensionable earnings again. We do this on the date when the pensionable salary becomes less.
Pensionable Earnings. The pensionable earnings are an important starting point in determining the contributions. The pensionable earnings are the pensionable salary minus the pension offset. Pensionable earnings Let’s assume the participant has a full-time annual salary of € 180,000.00 gross (this is his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 130,000.00. His/her pensionable earnings are € 180,000.00 - € 130,000.00 = € 50,000.00. We determine the pensionable earnings on 1 January of each year. Example calculation 1 If the pensionable salary becomes less, we will determine the pensionable earnings again. We do this on the date when the pensionable salary becomes less. If the pensionable earnings become (temporarily) zero or lower during participation? Then your employee remains a participant. The participant will then (temporarily) no longer pay contributions for Net Pension. This also applies to the net partner’s and orphan’s pension. As long as the pensionable earnings remain zero or lower, we do not charge any administration costs. If the pensionable earnings are greater than zero again, we will resume the contributions for the Net Pension. This also applies to the net partner’s and orphan’s pension. We base the resume on the last choice of the participant known to us.
Pensionable Earnings. The pensionable earnings are an important starting point in determining the premiums. The pensionable earnings are the pensionable salary minus the pension offset. Example 1 A participant earns € 2,000.00 gross per month. Twelve months and 8% holiday pay count towards his pensionable salary. His pensionable salary is € 2,000.00 × 12 + 8% = € 25,920.00. The pension offset is € 15,000.00 The pensionable earnings are € 25,920.00 minus € 15,000.00 = € 10,920.00.
Pensionable Earnings. The member’s basic hourly rate of earnings up to a maximum of 40 hours per week (or 42 hours for employees working on modified work week) or 2080 hours per year for services rendered to the company, and excluding overtime, shift premium. Employee Contributions Eligible members are required to make contributions to the plan. Member contributions to the plan will be made via payroll deductions during such payroll period.
Pensionable Earnings. In the event that the member’s pensionable earnings used to calculate his average monthly pensionable earnings do not reflect a normal schedule of hours due to accident or sickness for which he is or would be entitled to disability benefits under the Company plans, the member’s pensionable earnings for these periods of absence will be adjusted based on the greater of:
Pensionable Earnings. The pensionable earnings are an important starting point in determining the premiums. The pensionable earnings are the pensionable salary minus the pension offset [franchise]. The pensionable earnings are determined monthly as of the first day of the month. Example 1 Pensionable earnings Let’s assume the participant has a full-time annual salary of € 50,000 gross (this is his pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 13,500.00. The pensionable earnings are € 50,000.00 minus € 13,500.00 = € 36,500.00. If the gross pensionable salary changes in the course of a month, the pensionable earnings will be re-determined. We do this as of the date when the pensionable salary changes.
Pensionable Earnings. Pensionable income is the sum of the salary, salary supplement and remuneration supplement. The maximum pensionable income is EUR 114,866 with effect from 1 January 2022 and EUR 128,810 with effect from 1 January 2023. That is the amount defined in the tax regulations as the maximum amount in respect of which pension may be accrued without incurring tax liability. If the amount defined in the tax rules changes, the pension scheme's maximum pensionable income will be adjusted accordingly. The amount is adjusted pro rata if your basic working hours amount to less than 36 hours per week. The pensionable salary is the same as the pensionable income, to the extent that this does not exceed the maximum pensionable income. The statutory offset is set at EUR 14,802 from 1 January 2022 and EUR 16,322 from 1 January 2023. The statutory offset is defined in the tax rules as the lower limit for an accrual rate of 1.875%. If this amount changes, the statutory offset will also be adjusted in the pension scheme. The amount is adjusted pro rata if your basic working hours amount to less than 36 hours per week. Your pensionable earnings are the difference between your pensionable salary and the statutory offset, and are determined on a monthly basis.
Pensionable Earnings. The pensionable earnings are an important starting point in determining the contributions. The pensionable salary minus the pension offset qualifies as the pensionable earnings for the purpose of determining the defined contribution. The pensionable salary minus the pension offset qualifies as the pensionable earnings for the purpose of determining the (voluntary supplementary) partner’s and orphan’s pension. If this pension scheme is a so-called top-up scheme (excedentregeling), then the pensionable salary minus the pension offset qualifies as the pensionable earnings for the purpose of determining the (voluntary supplementary) partner’s and orphan’s pension. This also applies to the example calculations in this Execution Agreement. Whether the pension scheme is a top-up scheme is stated in the ‘Key Data Pensioenabonnement’ annex. Pensionable earnings Let’s assume the participant has a full-time annual salary of € 54,000.00 gross (this is his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 17,500.00. His/her pensionable earnings are € 54,000.00 - € 17,500.00 = € 36,500.00. We determine the pensionable earnings monthly on the first day of the month. Example calculation 1 If the pensionable salary becomes less, we will determine the pensionable earnings again. We do this on the date when the pensionable salary becomes less.
