Average Weekly Earnings definition
Examples of Average Weekly Earnings in a sentence
Staff Costs and Non-Staff Costs shall be indexed in accordance with the following indices: Staff Costs : AWE-KAC3 : Average Weekly Earnings Index, Services, seasonally adjusted, total pay; Non-Staff Costs : CPI : Consumer Price Index.
The maximum payment shall not exceed the Average Weekly Earnings Per Employed Male Unit in Western Australia, as published by the Australian Bureau of Statistics, for the September quarter of the year immediately preceding that in which the leave commences.
For example, gross pre-sacrificed salary will be used to calculate entitlements for overtime, work related allowances, annual adjustments, calculating accident compensation leave pay and/ or Pre Injury Average Weekly Earnings and superable salary relating to Accumulation Funds and defined benefit superannuation schemes administered by State Superannuation Fund (SERB, Revised and New Schemes) contributions and benefits.
The annual review is based on a combination of the following: • Increases in the Retail Price Index rate of inflation; • changes in the Average Weekly Earnings index and the National Living Wage rate; • any increase in costs incurred as a result of changes in legislation.
IaD2 = The Average Weekly Earnings of Production Workers CES0500000030 that is published by the Bureau of Labor Statistics on the update for the foreign labour quoted in dollars.