Posted by N.E. One on 20 December 2000 at 20:27:47:
In Reply to: E PLAN Members - PLEASE MAKE CONTACT posted by John Glyde on 14 December 2000 at 09:23:55:
For information and comparison, the definition in the 1993 version of the Pension Handbook for the N Plan was:-
Your N Plan pensionable earnings are your taxable earnings including any Social Security Benefit deducted under the terms of the IBM Sickness and Accident Plan.
It does not include:
- expenses incurred by you and reimbursed by IBM
- any payment made under the Customer Satisfaction Share Plan
- any payment made under the Discretionary Cash Bonus Plan
- any payment made under the Business Achievement Incentive
- any allowance paid in lieu of a motor car
- any ther fluctuating emoluments
For the C Plan it was:
Your basic annual salary excluding overtime and bonuses (or 100% salary if you are on commission)plus London Allowance where payable.