Examples of Pensionable Pay in a sentence
However, the annual indexation of the Pensionable Pay as referred to in this paragraph cannot exceed the general pay increases granted by the Employer, which is the average of the pay increases under the Collective Labour Agreements of SABIC Innovative Plastics B.V. and SABIC Limburg B.V. in the period from January 2 of the previous calendar year up to and including January 1 of the calendar year in question.
This includes:• the Assumed Pensionable Pay the member was treated as receiving during the Scheme year• the value of emoluments specified in the contract of employment as being pensionable emoluments including the value of salary sacrificed for childcare vouchers and pension contribution salary sacrifice via a Shared cost AVC arrangement.
Hyperlinks and URLs are not allowed unless specified in the funding opportunity announcement.
Employees contributions to the NHS Scheme range from to 5.2% to 14.7% of salary (depending on rate of Pensionable Pay) and the employers’ contribution equates to 13.5% of salary.
Payroll should be instructed to apply Assumed Pensionable Pay (APP) for pension purposes during the period of absence.