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 monthly on the first day of the month. Calculation 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. His/her pensionable earnings are € 50,000.00 minus € 13,500.00 = € 36,500.00. If your pensionable salary changes, we will determine the pensionable earnings again. We do this on the date when the pensionable salary changes.

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 the first day 1 January of the montheach year. Calculation example Example calculation 1 Pensionable earnings Let’s assume the participant has a full-time annual salary of € 50,000 165,000.00 gross (this is his his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 13,500.00115,000.00. His/her pensionable earnings are € 50,000.00 165,000.00 minus € 13,500.00 115,000.00 = € 36,500.0050,000.00. If your the pensionable salary changesbecomes less, we will determine the pensionable earnings again. We do this on the date when the pensionable salary changesbecomes 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 the first day of the month. Calculation example Example calculation 1 Pensionable earnings Let’s assume the participant has a full-time annual salary of € 50,000 54,000.00 gross (this is his his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 13,500.0017,500.00. His/her pensionable earnings are € 50,000.00 54,000.00 minus € 13,500.00 17,500.00 = € 36,500.00. If your the pensionable salary changesbecomes less, we will determine the pensionable earnings again. We do this on the date when the pensionable salary changesbecomes 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 the first day 1 January of the montheach year. Calculation example Example calculation 1 Pensionable earnings Let’s assume the participant has a full-time annual salary of € 50,000 150.000,00 gross (this is his his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 13,500.00100.000,00. His/her pensionable earnings are € 50,000.00 150.000,00 minus € 13,500.00 100.000,00 = € 36,500.0050,000.00. If your the pensionable salary changes, we will determine the pensionable earnings again. We do this on the date when the pensionable salary changesfalls.

Pensionable Earnings. The pensionable earnings are an important starting point in determining the premiumscontributions. The pensionable earnings are the pensionable salary minus the pension offset. We determine the pensionable earnings monthly on the first day of the month. Calculation example Example calculation 1 Pensionable earnings Let’s assume the participant has a full-time annual salary of € 50,000 54,000.00 gross (this is his his/her pensionable salary plus 8% holiday allowance). And the pension offset is (for example) € 13,500.0017,500.00. His/her pensionable earnings are € 50,000.00 minus 54,000.00 - € 13,500.00 17,500.00 = € 36,500.00. If your the pensionable salary changesbecomes less, we will determine the pensionable earnings again. We do this on the date when the pensionable salary changesbecomes less.