Effective Salary Clause Samples

Effective Salary. 1. The effective salary within the meaning of these Regulations is equivalent to 12 times the member’s monthly AHV salary. It may not exceed the salary subject to the AHV. Changes in the annual salary that occur during the year are taken into account. 2. The calculation of the effective salary does not include the following salary components: - salary components earned from other employers; - overtime compensation, health insurance, bonuses, premiums, allowances, business expenses, out-of-pocket expenses and any other occasional or temporary salary components that are subject to the AHV pursuant to the salary statement. 3. For members on temporary contracts (monthly or hourly wage), the effective salary is calculated as follows: a. in the first calendar year, the effective salary is based on the agreement concluded with the employer; b. subsequently, the effective salary is based on the agreed salary and the exptected working hours. During the year, the Pension Fund will check whether the effective working hours coincide with the expected working hours and correct them accordingly in the case of any divergences. 4. The effective salary is limited to ten times the upper threshold pursuant to the BVG (see Appendix 1, paragraph 1). If the member has joined several employee benefits schemes and the sum of all wages and incomes that are subject to the AHV exceeds this threshold, the member is required to notify the Zusatzkasse of all respective employee benefits schemes and the salaries and incomes insured thereunder. 5. The employer shall notify the Zusatzkasse of the effective salary upon entry and thereafter each time there is a change in the AHV salary.

Effective Salary. Cash Salary (12-month equivalent prior to any elective deductions) $_________ PCUSA Fidelity 403B (church contribution) $_________ Manse Value (fair rental value per year including any church-paid utilities $_________ Housing Allowance (if applicable) $_________ SECA – Self-Employment Contributions Act (if applicable) $_________ BOP Optional Coverage $_________ TOTAL EFFECTIVE SALARY $_________ Start date: ______________ End date: ____________ (12 months or less) BOP Coverage: ________ YES or _______ NO or ________Retired (Medicare) If YES: CPP Participation level: ____ Pastor | ____ Spouse | ____ Children | ____ Family Or _____ TPP ____ Full time (35 hrs or more) | ____ Part time (20-34 hrs) | Part time (0-19 hrs) For details about co-pays or coverage level, go to ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ $_________ ____ Vacation: Minimum of 4 weeks including 4 Sundays or additional: ____________________________________________

Effective Salary. Cash Salary(can include 403(b)(9) employee deferral ) $ Housing Allowance $ 403(b)

Effective Salary. 2013-2014 Employees will be paid an additional 43 cents per hour added to their 2012 – 2013 hourly rate. 2014-2015 Employees will be paid an additional 45 cents per hour added to their 2013 – 2014 hourly rate. 2015-2016 Employees will be paid an additional 46 cents per hour added to their 2014 – 2012 hourly rate. Effective July 1, 2010, the parties agree to abolish the step schedule with unit member receiving the additional hourly adjustment set forth in the chart above. On July 1, 2016 and each July thereafter, until agreement is reached on a successor Agreement to this Agreement, any GSSA member who is continuing employment in the District shall have his or her salary increased by one and three quarters percent (1.75%) to determine the new hourly rate. Newly Hired Staff Association Members’ hourly rate will be based in accordance with Appendix A (Minimum Rates of Pay). Employees may be hired within a range determined by the District with this rate of pay serving as the minimum. Driver/Helper position will receive a $1 per hour onetime adjustment to the hourly rate exclusive of the salary increase detailed in the chart above. All Nurse positions will receive $2 per hour onetime adjustment to the hourly rate exclusive of the salary increase detailed in the chart above.