Pensionable Salary definition

Pensionable Salary. The sum of paid salary, wages and remuneration comprised by Articles 2.1.2.1 and 2.2.1 and which is pensionable salary to the employees of an operator.
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Pensionable Salary means that part of pensionable remuneration which relates to salary and pensionable variable allowances, if any. It differs from pensionable remuneration only in excluding pensionable fixed periodic allowances.
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Pensionable Salary means a member’s basic monthly salary, plus any other earnings
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Examples of Pensionable Salary in a sentence

  • The current employer is still required to complete Part B of the application form to provide us with the Current Annual Pensionable Salary.

  • Currently, the pension allowance for the part of the Annual Base Compensation exceeding the Statutory Pensionable Salary is set at 25% of the Annual Base Compensation exceeding the Statutory Pensionable Salary.

  • The pension will be calculated in the same way as for normal retirement at age 65 but based only on your Pensionable Service up to, and Final Pensionable Salary, at the date of early retirement.

  • The Pensionable Salary does not change after one of the Variations comes into effect.

  • Under the Target Pension basis, members receive a defined pension at retirement based on length of service in the Plan and their Pensionable Salary at date of leaving.


More Definitions of Pensionable Salary

Pensionable Salary means the greater of
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Pensionable Salary means the sum of paid salary, wages and remuneration comprised by item 2.1.2.a) and 2.2.1 and which is pensionable salary to the employees of the Technical Services Provider.
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Pensionable Salary means the monthly, weekly, daily or hourly pay, as the case may be of an ACTIVE MEMBER, and shall include:
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Pensionable Salary means your basic pay and any permanent shift allowance received in the Scheme Year. If your Pensionable Service started on or after 1 June 1989, your Pensionable Salary cannot exceed the Earnings Cap. The Company’s decision as to whether any aspect of your remuneration is pensionable is final.
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Pensionable Salary means in relation to a Member the basic salary or wage of such Member from his Employer together with any allowance and other emoluments from the Employer which the Employer shall have determined to include for this purpose, but excluding all other allowances and emoluments, provided that during a period of temporary absence in accordance with Rule 47.1 or47.2 {non-maternity absence} the Pensionable Salary of a Member shall be the amount appropriate to such period at the basic annual rate from time to time of the salary or wage of such Member from his Employer together with the amount appropriate to such period at the annual rate from time to time of any allowance and other emoluments from the Employer which the Employer shall have determined to include for this purpose but excluding all other allowances and emoluments. Rule 57A has effect in relation to Members whose Pensionable Salaries are or have been subject to salary sacrifice.
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Pensionable Salary. CONTRIBUTING SERVICE", "PENSIONABLE SERVICE" and "PARTICIPATING EMPLOYER".
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Pensionable Salary in relation to a teacher means the amount representing the average salary of the teacher during such number of years as may be prescribed, being years immediately before—
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