Contributory Earnings definition

Contributory Earnings means in respect of a Regular Member, his or her earnings as defined in Bylaw 6.01.
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Contributory Earnings. The OMERS definition of contributory earnings is set out below. Please note that the definition is subject to amendment by XXXXX. • base wages or salary; • regular vacation pay if there is corresponding service; • normal vacation pay for other-than-continuous full-time members. Include vacation hours in credited service; • retroactive pay (including any pay equity adjustment) that fits with XXXXX definition of earnings for all members, including active, terminated, retired and disabled members; • lump sum wage or salary benefits which may vary from year to year but which form a regular part of the compensation package and are expected normally to occur each year (e.g. payment based on organizational performance, some types of variable pay, merit pay and commissions); • market value adjustments (e.g. percentage paid in addition to a base wage as a result of market conditions, including retention bonuses if they are part of your ongoing pay strategy and not a temporary policy); • ongoing special allowances (e.g. flight allowance and canine allowance); • pay for time off in lieu of overtime; • danger pay; • acting pay (pay at a higher salary rate for acting in place of an absent person); • shift premium (pay for shift work); • ongoing long service pay (extra pay for completing a specified number of years of service); • sick pay deemed to be regular wages or salary; • salary or wage extension for any reason, provided service is extended (the member must be “kept whole” e.g. continuation of salary and benefits). If the member becomes employed in another position and begins contributing to any registered pension plan (except CPP), the balance of the extension period becomes unpurchasable service; • stand-by pay/call-in pay (pay for being on call, not pay for hours worked when called in); • living accommodation premiums provided (if paid as a form of compensation and not as a direct expense reimbursement); • ongoing taxable payments to pay for costs (e.g. educational or car allowance); • taxable premiums for life insurance; • taxable value of provided vehicle or car allowance (e.g. if an employer provides an allowance [that is, expenses are not reimbursed] then the allowance is considered part of contributory earnings. If an employer reimburses mileage, this reimbursement represents payment for gasoline, maintenance, insurance, wear and tear on the vehicle and licence fees and should not be included as part of contributory earnings); • payments for unused accumul...
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Contributory Earnings means, notwithstanding the operation of clause 8(1)(c) and/or subsection 8(4),
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Examples of Contributory Earnings in a sentence

  • LETTER OF UNDERSTANDING OMERS Pension Contributory Earnings The Board will continue to follow the regulations and guidelines as provided to us by the OMERS Pension Plan.

  • Definition of Contributory Earnings: For all pension and other compensation purposes the parties agree that contributory earnings must include all regular recurring earnings including the following, as governed by OMERS regulations: • base wages or salary; • regular vacation pay if there is corresponding service; • normal vacation pay for other-than-continuous full-time members.

  • The parties agree that this Letter of Understanding, which contains an excerpt only from the OMERS website regarding the definition of Contributory Earnings, is for information purposes only and is not grievable.

  • Definition of Contributory Earnings: For all pension and other compensation purposes the parties agree that contributory earnings must include all regular recurring earnings including the following, as governed by regulations: base wages or salary; regular vacation pay if there is corresponding service; normal vacation pay for other-than-continuousfull-time members.

  • Definition of Contributory Earnings For all pension and other compensation purposes the parties agree that contributory earnings must include all regular recurring earnings including the following: • base wages or salary; • regular vacation pay if there is corresponding service; • normal vacation pay for other-than-continuous full-time members.

  • Signed at Thunder Bay, ON on For the Board For the Union Letter of Understanding Between Public Schools And Canadian Union of Public Employees Local Contributory Earnings The following definition of contributory earnings is provided for information purposes only and is Contributory earnings must include all regular recurring earnings as determined by the Pension Plan as may be amended from time to time.

  • Shall be the total of Contributory Earnings during the 130 bi-weekly pay periods in the last 260 bi-weekly pay periods, during which bi-weekly earnings were the highest, divided by five (5).

  • The parties agree that this Letter of Understanding, which contains an excerpt only from the website regarding the definition of Contributory Earnings, is for purposes only and is not As a reference for Employees, the parties have agreed to include the current definition of contributory earnings under the Pension Plan, as amended from time to time.

  • APPENDIX A – OMERS – Definition of Contributory Earnings (For Information Only and Non Grievable) The following definition of contributory earnings under the OMERS pension plan is provided for information purposes only and is non grievable.

  • Final Average Earnings Shall be the total of Contributory Earnings during the pay periods in the last pay periods, during which earnings were the highest, divided by five (5).


More Definitions of Contributory Earnings

Contributory Earnings means, notwithstanding the operation of clause 13(1)(e) and/or subsection 13(5), the following earnings of a member from an employer during membership in the Plan:
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Contributory Earnings means:
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Contributory Earnings means contributory earnings 40 within the meaning of section 37 of this Act:
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Contributory Earnings has the same meaning as defined in the rules of the Seller's Scheme. "Exempt Approved" means an exempt approved scheme within the meaning of section 592 of the Income and Corporation Taxes Act 1988. "Investment Adjustment" means the xxxxxx xnvestment return over the relevant period achieved in relation to assets of the Seller's Scheme comprised in a globally balanced portfolio of the same type as is now managed for the Seller's Scheme by Flemings (where the Investment Adjustment relates to the Main Scheme) or Gartmore (where it relates to the Supplementary Scheme); the portfolio to be established by the Seller's Scheme on the Membership Transfer Date with assets of a mid-market value equal to the Seller's Actuary's best estimate of the unadjusted Transfer Amount; such estimate, as certified by the Seller's Actuary, to be notified by the Seller to the Purchaser before the Membership Transfer Date. In the case of the Supplementary Scheme, if the Seller's Actuary and the Purchaser's Actuary agree that it is not practicable because of the amount involved to establish a portfolio as described above, the Investment Adjustment shall be by reference to the actual investment return of the Supplementary Scheme as measured by Combined Actuarial Performance Services Limited or, if that measurement is not available for any period, by reference to an index of equities and gilts comprised as mentioned in the Actuary's Letter. "Member" means, at any time or during any period specified in this schedule, a member of the Seller's Scheme who is accruing retirement benefits under the Seller's Scheme, including any person who is continuing in membership under the provisions of the Seller's Scheme relating to temporary absence from work or maternity leave. "Membership Transfer Date" means 1st January 1997 or an earlier date which the Purchaser may nominate by not less than 1 month's advance written notice to the Seller or, if the Purchaser notifies the Seller before 1st December 1996 that the Purchaser's Scheme will be contracted-out, 1st April 1997 or an earlier date which the Purchaser may nominate by not less than 1 month's advance written notice to the Seller. "Option Form" means a form to be completed by Members and delivered to the Seller's Scheme not later than 6 weeks after the date of issue, being in all material respects 105
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Contributory Earnings means in relation to required contributions by Members or by the University on the Member’s behalf pursuant to Section 4.01, and University contributions pursuant to Section 4.05(1), that portion of a Member’s annual Earnings (or deemed Earnings pursuant to Section 1.13 in the case of a disabled Member) up to the level which ensures that the aggregate contributions to each Member’s Money Purchase Component Account does not exceed the money purchase limit for the year (as defined under the Income Tax Act).
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Contributory Earnings means the member’s contributory earnings as determined under the Primary Pension Plan;
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Related to Contributory Earnings

  • contributory means a person liable to contribute towards the assets of the company in the event of its being wound up.

  • contributory employment and support allowance means an allowance under Part 1 of the Welfare Reform Act 2007 as amended by the provisions of Schedule 3, and Part 1 of Schedule 14, to the Welfare Reform Act 2012 that remove references to an income-related allowance and a contributory allowance under Part 1 of the Welfare Reform Act 2007 as that Part has effect apart from those provisions;

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Contributory drainage area means the area from which stormwater runoff drains to a stormwater management measure, not including the area of the stormwater management measure itself.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Disposable earnings means that part of the earnings of an

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Weekly Earnings means your gross weekly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • 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.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Employer Contributions means all amounts paid into ASRS by an

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Payoff Earnings For any Distribution Date with respect to each Mortgage Loan on which a Payoff was received by the Master Servicer during the Payoff Period, the aggregate of the interest earned by the Master Servicer from investment of each such Payoff from the date of receipt of such Payoff until the Business Day immediately preceding the related Distribution Date (net of investment losses).

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.