Current rate of pay definition

Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;
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Current rate of pay means the member's actual hourly, daily, weekly, biweekly,
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Current rate of pay means, for Department employees, that employee’s salary plus benefits divided by 2080, or for persons employed by the Department to supervise or otherwise assist in the provision of public records, that person’s hourly rate as charged to the Department by that person’s employer.
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Examples of Current rate of pay in a sentence

  • Current rate of pay shall include any increase in rate of pay schedule by reason of length of service, or any percentage increase which the employee is entitled to by reason of this Agreement.

  • Current rate of pay is defined herein to mean the rate of pay said employee was receiving at the time of retirement or termination as above provided.

  • Current rate of pay is what an employee earns after all incentives and/or premiums are added to their base rate of pay.

  • Current rate of pay for Account managers, Senior account managers, and Account Executives – Interactive Media is basic weekly salary only.

  • Current rate of pay means ordinary weekly base rate including over-award payments but excluding shift penalties.

  • At this time it is requested that the following items be made available: A report with all your current employees that includes the following: Name and titles Status (part-time/full-time/temp/seasonal) including number of hours worked Current rate of pay hourly/annually Employee hire date A list of all benefits provided including employer/employee portions for insurance plans. Your current policy and procedures regarding status of employees, benefits and compensation.

  • Current rate of pay is $15.00 per hour and depending on eligibility, students may be authorized to work up to 10-15 hours per week during the academic year.

Related to Current rate of pay

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, and shall include employee contributions picked up after August 1, 1982, pursuant to KRS 78.610(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, one thousand nine hundred fifty (1,950) hours for seven and one-half (7.5) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • NYFRB Rate means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.