Benefit Salary definition
Benefit Salary. , in relation to a member, means -
Benefit Salary means the amount of compensation used to calculate certain salary based coverage. This compensation is intended to be normal, regular, non- temporary, and shall include base salary and any special salary supplements that are intended to be regular and not of short duration. This salary amount shall not exceed the amount on which retirement contributions are calculated. (03-27-97/04-09-97)
Examples of Benefit Salary in a sentence
A Flexible Fringe Benefit Salary Reduction Program shall be established to comply with Section 125 of the Internal Revenue Code.
Eligible employees are entitled to make application to participate in the University Staff Employee Benefit (Salary Deferral) Plan”, subject to its review by the Employee Benefits Committee and approval by Revenue Canada.