Overview and Prerequisites

The employer’s ASLC contribution rate is based on the employee’s annualized FTE salary, which is calculated using the Permanent Pensionable Pay balance and their FTE.

The employee’s FTE is checked at the start and end of each month:

• Where there is no change, their Permanent Pensionable Pay is annualized using the FTE that applies at the end of the month.
• Where there is a mid-month change in FTE, rate definitions are required; they use the FTE value before and after it changed together with the employee’s Permanent Pensionable Pay.

Prerequisites

Pensionable earnings elements that have feeds to the Permanent Pensionable Pay balance.