Contribution Salary definition

Contribution Salary means the Member’s Pensionable Earnings as determined at each Pay Month less one-twelfth of the Lower Earnings Limit.
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Contribution Salary means the amount of salary fixed by the Employer and paid to the member as appropriate each month, on which contributions are to be paid;
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Contribution Salary. Pensionable Earnings", "Pensionable Salary" "Final Pensionable Earnings" and "Pensionable Service".
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Examples of Contribution Salary in a sentence

  • The Commission will provide an employer contribution of 15.4 per cent of the employee’s Fortnightly Contribution Salary (FCS) for employees in the Public Sector Superannuation Accumulation Plan (PSSap) and Ordinary Time Earnings (OTE) for employees in other accumulation funds.

  • The Variable Contribution (“VC”) subplan defines voluntary contributions by Members, with limited matching contributions by subsidiary CTEEP on 30% of employees’ Actual Contribution Salary for purposes of additional supplementary benefits in case or retirement or death.

  • The Defined Benefit (“DB”) subplan defines contributions and related matching responsibilities between the Company and Participants on 70% of employees’ Actual Contribution Salary in order to obtain the plan’s actuarial asset-liability balance.

  • The "CV" sub-plan defines voluntary contributions from Participants with limited compensation of the Company, levied on 30% of the Actual Contribution Salary of these employees in order to provide additional supplementation in the cases of retirement and death pension.

  • The "BD" sub-plan defines contributions and joint responsibilities between the Company and Participants, which are levied on 70% of the Actual Contribution Salary of these employees in order to maintain their actuarial economic-financial balance.

  • Eligibility: must be a full-time employee of the University for a minimum of 5 consecutive years Length of Leave: up to 4 months at full pay, or up to 9 months at half-pay University Contribution: Salary as outlined above.

  • While you are an active member of the Scheme you pay contributions of 1.5% of Contribution Salary under a salary sacrifice arrangement.

  • Method for calculating superannuation salary The Department will provide an employer contribution of 15.4 per cent of the employee’s Fortnightly Contribution Salary (FCS) for employees in the Public Sector Superannuation Accumulation Plan (PSSap) and employees in other accumulation superannuation funds.

  • Where employer contributions are paid to the Public Sector Superannuation accumulation plan (PSSap) or a complying Super Choice fund the employer contribution will be 15.4 per cent of the Fortnightly Contribution Salary (FCS).

  • For ordinary employer sponsored members of the Public Sector Scheme Accumulation Plan (PSSap) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member.


More Definitions of Contribution Salary

Contribution Salary and Pensionable Salary in Rule ` shall apply only in relation to a Member who is a full-time Employee; the following definitions shall apply in relation to a Member who is a part-time Employee:
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Contribution Salary means Salary except that in respect of a Member who is a Capped Member there shall be disregarded the amount in any Tax Year by which his Salary exceeds the amount of the Permitted Maximum for that Tax Year.
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Contribution Salary means in relation to a Member the amount by which his Pensionable Salary received in the relevant pay period exceeds the equivalent for that period of the lower earnings limit as at 6th April 1998
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Contribution Salary means in respect of any period during which a Member is a part-time Employee, the amount by which his Full-Time Equivalent Salary received in the relevant pay period exceeds the equivalent for that period of the lower earnings limit as at 6th April 1998. "Pensionable Salary" means in relation to any period during which a Member is a part-time Employee, his Full-Time Equivalent Salary.
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Contribution Salary means the difference between the Maximum Salary for Instructors/Academic Assistants I, II, or III, as set out in Schedule A.01.3, and the Contribution Amount.
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Related to Contribution Salary

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Matching Contribution means an employer contribution made to this or any other defined contribution plan on behalf of a participant on account of an Employee Contribution made by such participant, or on account of a participant's Elective Deferral, under a plan maintained by the employer.

  • Basic Compensation means Salary and Benefits.

  • Contribution Rate means, in a reserve study as described in RCW 64.34.380, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Final compensation of a member means:

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.