Common use of Pensionable Earnings Clause in Contracts

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 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. 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 premiums. The pensionable earnings are the pensionable salary minus the pension offset. We determine the pensionable earnings monthly on 1 January the first day of each yearthe month. Example calculation Calculation example 1 Let’s assume the participant has a full-time annual salary of € 165,000.00 50,000 gross (this is his/her his pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 115,000.0013,500.00. If the your pensionable salary becomes lesschanges, we will determine the pensionable earnings again. We do this on the date when the pensionable salary becomes lesschanges.

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 Let’s assume the participant has a full-time annual salary of € 165,000.00 150.000,00 gross (this is his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 115,000.00100.000,00. If the pensionable salary becomes lesschanges, we will determine the pensionable earnings again. We do this on the date when the pensionable salary becomes lessfalls.

Pensionable Earnings. The pensionable earnings are an important starting point in determining the premiums. The pensionable earnings are the pensionable salary minus the pension offsetoffset [franchise]. We determine the The pensionable earnings on 1 January are determined monthly as of each yearthe first day of the month. Example calculation 1 Let’s assume the participant has a full-time annual salary of € 165,000.00 50,000 gross (this is his/her his pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 115,000.0013,500.00. If the gross pensionable salary becomes lesschanges in the course of a month, we will determine the pensionable earnings againwill be re-determined. We do this on as of the date when the pensionable salary becomes lesschanges.