Covered Earnings definition

Covered Earnings means a Member's Compensation in the 12 months immediately preceding the onset of the Member's Disability.

Covered Earnings means a Member’s Compensation in the 12 months immediately preceding the onset of the Member’s Disability.

Covered Earnings means a Participant’s Base Salary multiplied by his or her Months of Participation during a Plan Year.

Examples of Covered Earnings in a sentence

• Covered Earnings are determined initially on the date an Employee applies for coverage.

• If, for any month during this period, the sum of your Disability Benefit, your current earnings and any additional Other Income Benefits exceed 100% of your Indexed Covered Earnings, your Disability Benefit will be reduced by the excess amount.

• Any increase in your Covered Earnings will not be effective during a period of continuous Disability.

• If the sum of your Disability Benefit, your current earnings and any additional Other Income Benefits exceed 80% of your monthly Indexed Covered Earnings, your Disability Benefit will be reduced by the excess amount.

• Any increase in an Employee's Covered Earnings will not be effective during a period of continuous Disability.

More Definitions of Covered Earnings

Covered Earnings means a Participant’s Base Salary multiplied by his or her Days of Participation during a Program Year.

Covered Earnings means the total annual compensation paid to an Employee for Service with the Employer and shall include basic salary, basic wages, overtime, shift differentials, commissions and bonuses.

Covered Earnings means the worker’s or self employed worker’s gross earnings during any quarter subject to a maximum of five thousand dollars (US$5,000) and is that amount of earnings upon which workers, employers and self-employed workers make contributions to the Health Fund pursuant to Sections 216 and 217 of this Chapter . The five thousand dollars (US$5,000) shall be increased at a time as may be determined by the Board as appropriate.

Covered Earnings means a Participant’s Base Salary multiplied by his or her Months of Participation during a Program Year.

Covered Earnings means gross salary not in excess of the maximum amount on which contributions were required. “Fiscal year” means a year commencing July 1 and ending June 30. “Credited service” means service while a contributing member plus additional

Covered Earnings means the Insured’s basic weekly salary received from you on first of the month just before the date of Disability. Covered Earnings do not include overtime pay, bonuses, benefits, your contributions toward benefits, or any other special compensation. However, Covered Earnings will include commissions received from you averaged over the lesser of:

Covered Earnings means the annual salary, as defined in subsection (h) of section 5-154, received by a member in a year, limited by one hundred thirty per cent of the average of the two previous years' covered earnings. The limit does not apply to earnings for calendar years before 1984, nor for the first three full or partial calendar years of employment. The Retirement Commission may adopt regulations in accordance with chapter 54 determining the procedures to be followed when the member was not employed on a full-time basis for the entire two previous years used to develop such limit.