pensionable salary

pensionable salary
The part of an employee's salary that is taken into account when calculating pension contributions. This might exclude annual bonuses or other special payments.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • pensionable — pen‧sion‧a‧ble [ˈpenʆnəbl] adjective 1. having the right to receive a pension: • We wish to encourage people to go on working after pensionable age (= the age at which they would normally receive a pension ) . • Donald retired at 56, after… …   Financial and business terms

  • pensionable — pen|sion|a|ble [ˈpenʃənəbəl] adj BrE 1.) giving someone the right to receive a pension ▪ 36% of the population were of pensionable age . 2.) pensionable pay/salary etc pay from which money is regularly taken for a pension ▪ The employee s… …   Dictionary of contemporary English

  • salary — noun ADJECTIVE ▪ big, generous, good, handsome, high, huge, large, top ▪ Top salaries are liable for a higher rate of tax …   Collocations dictionary

  • Pensionable Service — The period of service, expressed in a yearly figure, for which a worker has established pension credits for a pension plan. Pension benefits are typically based on the worker s pensionable service and highest average salary. The pensionable… …   Investment dictionary

  • pensionable — adjective 1 giving someone the right to receive a pension: a pensionable age | appointments that were not pensionable 2 pensionable pay/salary pay from which money is regularly taken for a pension …   Longman dictionary of contemporary English

  • pensionable — UK [ˈpenʃ(ə)nəb(ə)l] / US adjective 1) officially old enough to stop work and receive a pension a man of pensionable age 2) pensionable pay is a salary that you make regular payments from in order to have a pension …   English dictionary

  • pensionable — adj. Pensionable is used with these nouns: ↑age, ↑salary …   Collocations dictionary

  • pensionable earnings — The part of an employee s salary that is used to calculate the final pension entitlement. Unless otherwise stated, overtime, commission, and bonuses are normally excluded …   Big dictionary of business and management

  • final salary scheme — The calculation of your pension on retirement is based on a fraction of your pensionable earnings for each year you ve been a member of the pension scheme. The most common fraction used is 1/6th and if you had been a member of the scheme from the …   Financial and business terms

  • Member of Parliament — Legislature This series is part of the Politics series Legislature Legislatures by country Parliament Member of Parliament Parliamentary group Parliamentary group leader Congress Congressperson …   Wikipedia

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