Annual Performance Related Pay Scheme
|
|
- Martin Bell
- 6 years ago
- Views:
Transcription
1 Annual Performance Related Pay Scheme
2 Contents? Introduction Who can participate and potential awards Scorecards How the scheme works 5 How the results impact individual performance related payments 6 Annual Performance Related Pay (APRP) at a glance 7 Receiving your Annual Performance Related Pay (APRP) 7 Review of overall performance 7 Annual Performance Related Pay (APRP) rules 8-9 2
3 Introduction Our 2017/18 scorecards have changed to bring Network Rail's priorities closer to those of our train operating companies and customers. The business area and national scorecard results are used to set annual performance related pay (PRP) scheme awards (formerly AIP). As scorecards have changed, performance related pay is also changing. <Title> Employees have the opportunity to share in Network Rail s success through the annual performance related pay scheme, which has been updated this year to reflect the scorecard changes. In many areas, the performance of the route or function will have a greater influence on the overall business area's out-turn, to align performance related pay more closely to local performance in our devolved organisation. This means higher payments for areas that out-perform the scorecard target. The new performance related pay is designed to: Reward employees for achieving national, individual and where appropriate, business specific and/or functional goals. Link the interests of employees to those of Network Rail as a whole and its stakeholders and customers. Emphasise that safety, train performance and financial performance go hand in hand. Reinforce the company strategy and key goals. Provide an incentive to improve results and reinforce the company s performance culture. 3
4 ? Who can participate and potential awards Performance related pay applies to employees on a Network Rail contract paid through payroll in the following bands: Eligibility* Maximum Potential (% of salary or ) Executive Band Band 1 100% - with half of the payment deferred for two years 60% - with one third of the payment deferred for two years Band 2 30% Band 3 20% Band 4 Local Operations Manager 15% Band 4 Line Manager with 4 or more direct reports at the end of the scheme year. 10% Band 4 Other 3,000 * Employees can only participate in one performance related pay scheme at a time. All performance related pay scheme documents can be found on Network Rail's intranet, Connect. Scorecards All train performance and locally driven measures are now individually set for each route and in alignment with their train operators' priorities. These changes bring our customers, and through them, our passengers ever closer to the heart of how we operate here at Network rail. To view the national scorecard or to find more information, visit: connect/performance/default.aspx Important Points: The performance measures on the national scorecard stand alone and each is calculated independently. No payment will be made in respect of any performance measure which fails to exceed the minimum level of performance. Achievement between the minimum performance level and the target performance level will be calculated on a pro rata basis; as will achievement between the target performance level and the maximum. Evidence of safety under reporting would result in the outcome of the safety measures being reviewed and reducing performance accordingly, including potentially to zero. 4
5 How the scheme works As track and train work ever-closer together the 2017/18 scorecards see all train performance measures developed and, with locally driven measures, set in alignment with train operators' priorities. This latest customer-focussed change means up to 60 per cent of route performance targets are now set locally, linked to customer scorecards and rolling-up into a national scorecard. If the scorecard out-turn result is less than 20%, then no performance related payment will be made. Under-performance against the financial performance measures by the company will reduce the out-turn for everyone on a sliding scale. If our financial performance goes beyond twice the 'worse than target' for both FPM measures added together, then no payment will be made. Business area scorecard* + National scorecard = Scorecard out-turn x Personal performance modifier x Band Maximum potential = Performance related pay Business area weighting Business Area Weighting (business area/ national) Routes 60/40 IP 20/80 Corporate Central Functions* 0/100 Route services 20/80 Digital Railway 20/80 System Operator 20/80 Safety, Technical & Engineering* 0/100 Personal performance modifier Performance rating Personal performance modifier Outstanding x 1.5 Exceeded x 1.2 Good/DIR x 0.9 Partially achieved x 0.6 SPIR Nil *The national scorecard applies in business areas with no local scorecard. 5
6 How do the results affect individual performance related payments? Is national scorecard performance greater than 20%? No Yes Performance related pay not triggered Has Financial Peformance Measures threshold been met? No Yes Performance related pay triggered Overall business and national scorecard out-turn produced Results applied to eligible employees based on band Any deductions applied to employees' individual performance related pay based on scheme rules eg. start date or absence Personal performance multiplier applied based on performance rating Employee receives a letter confirming individual performance related pay value Performance related payment paid 6
7 Annual Performance Related Pay at a glance 1 April 2017 to 31 March 2018 March June/July Performance targets for the year are agreed for each business area by Finance and the business. Performance results finalised at the end of the performance period. Final performance related pay sign off. (See review of overall performance). Results are published on Connect. July/ August Ongoing Performance related payments are paid to eligible employees, if applicable. Performance is measured against targets throughout the scheme year. Performance against key business measures are published on Connect. Performance results will be finalised at the end of the performance period. Receiving Annual Performance Related Pay The performance related payment date will be announced after the end of the financial year (31 March 2018) and once the outcome against performance measures have been finalised, which is usually June/July to allow for the final outturn and approval by the Remuneration Committee. Payments will be made in July/August 2018 depending on payroll processing dates. Review of overall performance The Remuneration Committee will review the results of the scorecard at the end of the scheme year and will take into account all factors, including overall business performance and safety. The Remuneration Committee may then reduce/ increase the overall payment to take account of such factors. 7
8 Annual Performance Related Pay rules The PRP does not form part of your contractual terms and conditions. You will be eligible to receive payment in accordance with the following rules: Category Type Description Salary basis <Title> Any potential performance related payments will be based on your substantive salary at 31 March Scheme year The scheme year is 1 April March General Payment New joiners, changes to business area & part time working Absence Individual performance Additional eligibility requirement for band 4 line managers Transfers between different eligible bands of the PRP Payment date Tax, NI and Pensions Eligibility New joiners Changes to business area Part time working Absence from work Performance & disciplinary Industrial action Eligibility for the band 4 line managers payment is where you undertake the direct line management of 4 or more employees (this is based on number of positions reporting in to you in the organisation chart at the end of the scheme year, 31 March 2018). Where you transfer between PRPs, payment due in respect of any total payment will be pro rated based on the number of calendar days in each respective PRP. Payment date will be announced after 31 March 2018 once the outcome against performance measures has been finalised. Payments to qualifying leavers will be made at the same time as they are made to existing employees. Payments under the scheme are subject to statutory deductions and are not pensionable. Under-performance against the national financial target will reduce the performance related pay amount for everyone, on a sliding scale. If our financial performance goes beyond twice the 'worse than' target, then no performance related payment will be made. Additionally, a scorecard out-turn of less than 20% will result in no performance related payment being made. If you join on or before 28 February 2018 you will qualify for a pro rata payment based on the number of calendar days employed in the scheme year. If you join after 28 February 2018 you will not receive any PRP payment for the 2017/18 scheme year. In the event of moving to (including going on secondment to) the same, lower or higher band or change of business area during the scheme year, payment due in respect of any total payment will be pro rated on the basis of calendar days in each respective band/ business area. Payments will be calculated on a pro rata basis based on the weekly full time equivalent contractual hours for the role and your number of contractual hours. In the event your hours change during the scheme year, performance related payments will be calculated on a pro rata basis based on the number of calendar days for each set of contractual hours. If you are absent for 20 or more working days your participation in the scheme will be maintained, however your payment will be subject to a deduction based on the total number of working days you have been absent for. Working days are calculated on the basis of a standard 5 day working week (dependant on role, this could include rostered weekend working, but not rest days). If you are absent due to maternity, adoption, paternity, parental leave or shared parental leave, the first 20 working days will not form part of the reduction. If you are absent due to jury service, volunteer leave or Territorial Army leave this will not trigger an absence reduction. If you consider that you have a disability that may cause absence from work that should not be considered as part of the PRP deduction please refer to the reasonable adjustment policy. No payments will be made to you if you are assigned a performance rating of 'significant performance improvement required'. If you are rated partially achieved you will be eligible for a payment but this will be reduced in accordance with the personal performance modifier. Participants who receive a formal disciplinary warning in the scheme year will not receive a payment. Payments will be made to participants under disciplinary investigation in the scheme year. The underlying principle of the scheme is to reward employees for the achievement of the company's performance targets. As a consequence, if you take part in industrial action during the performance period you will put your eligibility at risk and you may not receive any performance related payment as a result. 8
9 Annual Performance Related Pay rules Category Type Description Leavers Band 1's & Executive Band Terminations of employment (e.g. resignations, any retirement and dismissal) Ill health severance & death in service Redundancy General eligibility Payment date Deferred payment Deferred payment for leavers including resignations Deferred payment for leavers including redundancy, retirement, ill health severance and death in service You are only entitled to a payment if you are in Network Rail s employment on 30 June 2018 and have not commenced your contractual notice period before the end of the performance period (31 March 2018). If you have left employment due to ill health or severance you or your nominees will be eligible to receive a payment. <Title> Any payment made will be pro rated based on the number of calendar days employed in the scheme year. If you do not have a performance rating, a rating of 'Good' will be awarded for payment calculations. This also applies in the case of employees who have died in service. If you leave under redundancy or TUPE transferal you are eligible to receive a payment. Any payment made will be pro rated based on the number of calendar days you were employed in the scheme year. If you do not have a performance rating, a rating of 'Good' will be awarded for performance related pay calculations. For band 1 participants the maximum payment is 60% with one third of the payment deferred for two years. For executive bands the maximum is 100% with half of the payment deferred for two years. For band 1 two thirds and for executive bands a half of the overall payment will be paid in line with the payment date in You are only entitled to the deferred payment if you received the first payment. The amount of any deferred payment will be confirmed in writing and will become payable to you after two calendar years. The payment date will be the same date as any performance related payments due after the end of the performance period 31 March You are only entitled to the deferred payment if you received the first payment and if you are in Network Rail s employment on the 30 June 2020 and have not commenced your contractual notice period before the end of the deferred period (31 March 2020). The payment date will be the same date as any performance related payments due after the end of the performance period 31 March If you have received the first payment and leave for any of the reasons below., The payment date will be the same date as any performance related payments due after the end of the performance period 31 March Redundancy Ill health severance Retirement (at normal pension age in accordance with your pension scheme membership and if not in a pension scheme, then 65.) If you received the first payment and die in service, your nominees will be eligible to receive the deferred service performance related payment at the same time as any final payments. The Scheme has been prepared so that it complies with Condition 16 of Network Rail s network licence. This document provides the framework and rules for the operation of the Scheme for the financial year
Annual Incentive Plan
Annual Incentive Plan 201-201 Alternative formats of this document are available on request Contents Introduction Introduction 3 All employees have the opportunity to share in Network Rail s success. The
More informationGeneral Bonus Scheme
General Bonus Scheme 2016-201 Alternative formats of this document are available on request Contents Introduction Introduction 3 Who can participate and potential awards? 4 National Scorecard
More informationSection 3 Leave Entitlements
Section 3 Leave Entitlements Annual Leave Annual leave is provided to enable you to enjoy a break from work. You are entitled to Annual Leave in accordance with the terms of the Holidays Act 2003. All
More informationRemuneration Committee annual statement. Role of the Remuneration Committee
Remuneration Committee annual statement The Committee continues to place the interests of shareholders at the forefront of its decision-making with regards to remuneration policy implementation. Role of
More informationPENDRAGON PLC REMUNERATION POLICY
Issued: 27 April 2017 PENDRAGON PLC REMUNERATION POLICY This section of the Pendragon website informs you about our remuneration policies and practices. We keep it up to date with our current remuneration
More informationDirectors Remuneration Policy
Directors Remuneration Policy Below is set out the Company s Remuneration Policy for Executive and Non-Executive Directors. The policy was approved by shareholders at the 2014 AGM, and came into effect
More informationBase salary. Annual Incentive Plan. Long-Term Incentive Plan INTRODUCTION PART A: DIRECTORS REMUNERATION POLICY GENERAL POLICY. Corporate governance
61 Corporate governance INTRODUCTION This report contains the material required to be set out as the Directors Remuneration Report ( Remuneration Report ) for the purposes of Part 4 of The Large and Medium-sized
More informationDirectors Remuneration Policy
Directors Remuneration Policy Contents Executive Director remuneration policy.... 4 Future policy table.... 5 Fixed elements Benefits.... 6 Fixed elements Pension benefits... 7 Short-term incentives -
More informationOur Policies. Maternity Policy
Our Policies Maternity Policy Foreword 3 Introduction 3 Section 1: Becoming a mum The Process 4 Section 2: During your pregnancy - Support in initial months of pregnancy 5 - Antenatal Care 5 - Risk Assessments
More informationUnum Select Life cover
TECHNICAL GUIDE Unum Select Life cover Because everyone needs a back-up plan unum.co.uk Product Overview To provide insurance benefits in the form of a lump sum to a spouse/civil partnerships or other
More informationPension Policy Statement
Reference: HR001 Document Type: Status of Document: Policy Final Version: 3.0 Date Approved: 20 th October 2015 Approved By: Chief HR & Corporate Services Officer Publication Date: 20 th October 2015 Review
More informationregistered group life technical guide
registered group life technical guide registered group life technical guide 1 Any reference in this technical guide to employer can include the principal employer and participating employers and is also
More informationCERTAINTY INGENUITY ADVANTAGE. One Plan. Our employee share plan
CERTAINTY INGENUITY ADVANTAGE One Plan Our employee share plan One plan - Our employee share plan One Plan is our employee share plan, where you and your colleagues from around the world can become owners
More information1.1 The pay offer covers a period of one year only from the settlement date of 1 July 2017.
DWP Pay Offer 2017: SEO to Grade 6 1. Introduction 1.1 The pay offer covers a period of one year only from the settlement date of 1 July 2017. 1.2 The pay offer is applicable to those who are substantive
More informationPRELIMINARY REQUEST FOR DOCUMENTS TEMPLATE (FOR UK COMPANIES)
PRELIMINARY REQUEST FOR DOCUMENTS TEMPLATE (FOR UK COMPANIES) Preliminary request for documents and information in relation to [Company Name] Limited (the Company ) Please supply the following documents
More informationPlease note that the information provided will only be used for local and central pensions / payroll administration purposes.
NHS Pensions Scheme New Employee Joiner Questionnaire This questionnaire captures details from new employees regarding their current status within the NHS Pension Scheme. This must be completed as fully
More informationSalary Exchange for your pension. Our Post Office, your rewards
Salary Exchange for your pension Our Post Office, your rewards 1 This booklet contains important information for Post Office colleagues who are being automatically included in Salary Exchange for pension
More informationContents. What happens if I transfer my Shares into a Halifax Share Dealing Account? Can I change or stop my monthly contributions?
Contents What is My Share in Nestlé? How do I apply? Is there an application deadline? How does this work? Worked Example Tax and National Insurance implications What happens if I leave NUK? What happens
More informationThe following questions and answers have been compiled by Greenwich HR and The Compass Partnership as part of the staff TUPE consultation process.
TUPE - Frequently asked Questions (Staff) The following questions and answers have been compiled by Greenwich HR and The Compass Partnership as part of the staff TUPE consultation process. What is TUPE?
More informationREPORT OF THE DIRECTORS ON REMUNERATION CONTINUED DIRECTORS REMUNERATION POLICY
REPORT OF THE DIRECTORS ON REMUNERATION CONTINUED DIRECTORS REMUNERATION POLICY Introduction In this section of the Report of the Directors on Remuneration we provide details of the Company s new Remuneration
More informationPaternity Leave Policy
Paternity Leave Policy Aim of the Policy The Kelda Group is committed to treating all employees fairly and consistently, and recognises the importance of maintaining a healthy work-life balance. The following
More informationVelindre NHS Trust. Ref: WF 37. Trust Policy CHILDCARE VOUCHER POLICY AND PROCEDURE. Policy Lead: Ceri Harris, Diversity and Equality Manager
Velindre NHS Trust CHILDCARE VOUCHER POLICY AND PROCEDURE, Diversity and Equality Manager Page 1 of 28 Overview: Who is the policy intended for: Key Messages included within the policy: EXECUTIVE SUMMARY
More informationWithin this supplement we set out the full remuneration policy as approved at our 2014 annual general meeting (AGM).
1 REMUNERATION POLICY SUPPLEMENT LEGAL & GENERAL GROUP PLC 2015 Remuneration Policy supplement Legal & General Group Plc Within this supplement we set out the full remuneration policy as approved at our
More informationLocal Government Pension Scheme
LGPS Contributions Local Government Pension Scheme A Guide for Scheme Employers Issue 4 : March 2016 http://portal.norfolkpensionfund.org Page 2 of 15 Contents Introduction This guide aims to answer any
More informationDirectors report on remuneration introduction
GOVERNANCE Directors report on remuneration introduction LESLEY KNOX CHAIR OF THE REMUNERATION COMMITTEE Our remuneration report is organised into the following sections Letter from the Remuneration Committee
More informationConditions of Service for UEL Professional Services Support Staff
HR Services Employee Handbook Conditions of Service for UEL Professional Services Support Staff Working Week (a) Support Staff (i) Full time staff are contractually required to work a 35 hour week, consisting
More information3i Group plc. Directors remuneration policy
3i Group plc Directors remuneration policy EXTRACT FROM 2014 ANNUAL REPORT Directors remuneration policy This is an extract from the 2014 Annual report and sets out the Directors remuneration policy (
More informationPart 1: Policy Report
Part 1: Policy Report This part of the Directors Remuneration Report contains the directors remuneration policy. In accordance with section 439A of the Companies Act, a binding shareholder resolution to
More informationTerms and Conditions of Employment: Professional and Managerial Administrative Staff
York St John University, Lord Mayor s Walk, York YO31 7EX Terms and Conditions of Employment: Professional and Managerial Administrative Staff This document sets out the main terms and conditions under
More informationThe ITW Pension Fund. Your guide to the 60 th section
The ITW Pension Fund Your guide to the 60 th section March 2005 Contents About the 60 th section of the ITW Pension Fund 1 Summary of benefits 2 Membership 3 Contributions 4 Benefits 5 On leaving the
More informationOur governance. The remuneration policy. Policy report. Variable pay performance metrics. Holding period for LTIP awards
Policy report The remuneration policy The Company s existing Directors Remuneration Policy was approved by shareholders at the Company s 2014 Annual General Meeting and took effect from the date of that
More informationRoyal Mail Share Incentive Plan
Royal Mail Share Incentive Plan Invitation to join the Partnership & Matching Plan contents> 2Introduction 4How does Partnership & Matching work? 5Who is eligible? 6How could I benefit and what factors
More informationThis policy was approved by shareholders at the 2017 AGM, and took effect from that date. The objective of the remuneration policy is to provide a
John Wood Group PLC Directors' Remuneration Policy 2017 This policy was approved by shareholders at the 2017 AGM, and took effect from that date. The objective of the remuneration policy is to provide
More informationBT PENSION SCHEME SECTION C. Explanatory booklet for Members who joined Section C of the BT Pension Scheme between 1 April 1986 and 31 March 2001
BT PENSION SCHEME SECTION C Explanatory booklet for Members who joined Section C of the BT Pension Scheme between 1 April 1986 and 31 March 2001 (and Section B members who elected to be subject to Section
More informationTUPE - Frequently Asked Questions (Staff)
TUPE - Frequently Asked Questions (Staff) The following questions and answers have been compiled by the Royal Borough of Greenwich (RBG) HR team and the Compass Partnership, as part of the staff TUPE consultation
More information2009 No. 32 LOCAL GOVERNMENT
STATUTORY RULES OF NORTHERN IRELAND 2009 No. 32 LOCAL GOVERNMENT Local Government Pension Scheme (Benefits, Membership and Contributions) Regulations (Northern Ireland) 2009 Made - - - - 25th February
More informationCHICHESTER DISTRICT COUNCIL EMPLOYMENT POLICY STATEMENT
Senior Staff Pay Policy Report - Appendix 1.8 Policy title: Date: October 2016 Revision: Tenth Issue CHICHESTER DISTRICT COUNCIL EMPLOYMENT POLICY STATEMENT LOCAL GOVERNMENT PENSION SCHEME (LGPS) AND EARLY
More informationVACATION (ANNUAL) LEAVE SUMMARY OF REVISIONS. Established policy of granting only annual leave in cases of serious illness of immediate family.
VACATION (ANNUAL) LEAVE SUMMARY OF REVISIONS 1-1-49 7-28-49 10-28-49 Annual leave granted at 1 1/4 calendar days per month, cumulative to 30 days. Established a policy stating that unused annual leave
More informationPayroll Guide for employers LGPS 2014
Payroll Guide for employers LGPS 2014 Version 1.0 November 2013 1 1. Data... 4 2. Records... 6 3. Sections... 7 4. Cumulative Pensionable Pay (CPP1 and 2)... 9 4.1 Pensionable Pay... 9 4.2 Assumed Pensionable
More informationAnnual leave procedures. 1. Leave year
1. Leave year 1.1 The annual leave year runs from 1 April to 31 March. Annual leave is pro rata for part time employees. This procedure should be read in conjunction with the Special leave procedures and
More informationApril UK Pension Plan A GUIDE TO YOUR PENSION BENEFITS
April 2017 UK Pension Plan A GUIDE TO YOUR PENSION BENEFITS Contents Welcome to the Eaton UK Pension Plan 3 Special terms 4 1 2 3 4 5 6 7 8 9 10 AVCs Benefits in brief 5 Membership 6 Contributions 7 Your
More informationCHICHESTER DISTRICT COUNCIL EMPLOYMENT POLICY STATEMENT
Senior Staff Pay Policy Report - Appendix 8 Policy title: Date: June 2014 CHICHESTER DISTRICT COUNCIL EMPLOYMENT POLICY STATEMENT LOCAL GOVERNMENT PENSION SCHEME (LGPS) AND EARLY TERMINATION OF EMPLOYMENT
More informationNORTHERN IRELAND FURTHER EDUCATION COLLEGES. VOLUNTARY EXIT SCHEME 1 October 2018 to 31 March 2019
Introduction NORTHERN IRELAND FURTHER EDUCATION COLLEGES VOLUNTARY EXIT SCHEME 1 October 2018 to 31 March 2019 N.B. THE SCHEME IS SUBJECT TO BUSINESS CASE APPROVAL BY DfE AND DFP AND FUNDING 1. This Scheme
More informationNorthern Ireland Further Education Colleges. Voluntary Exit Scheme FREQUENTLY ASKED QUESTIONS
Northern Ireland Further Education Colleges Voluntary Exit Scheme FREQUENTLY ASKED QUESTIONS ***Please note that more detailed information concerning the terms of the Voluntary Exit Scheme is set out in
More informationLondon Pensions Fund Authority. LPFA Pay Policies. Forming part of the Annual Report your pension our world
LPFA Pay Policies Forming part of the Annual Report 2012-13 your pension our world Contents Background 3 Section 1. LPFA Pay Policy Aim 3 Section 2. Chief Officers Remuneration 4 Section 3. Managers and
More informationHUMAN RESOURCES POLICY
North of England Clinical Commissioning Groups HUMAN RESOURCES POLICY RETIREMENT Policy Number: HR29 Version Number: 2.0 Issued Date: May 2015 Review Date: May 2017 Sponsoring Director: Prepared By: Consultation
More informationGuide for members. Securing tomorrow, today
Guide for members Securing tomorrow, today V9 03/2018 Welcome Welcome to this guide for members of the 2015 NHS Pension Scheme for England and Wales. From 1 April 2015 there are two separate pension schemes
More informationAs of 1 st January 2019 Ellipse is owned by AIG Life Limited.
As of 1 st January 2019 Ellipse is owned by AIG Life Limited. registered group life technical guide Any reference in this technical guide to employer can include the principal employer and participating
More informationDirectors Remuneration Report continued
Directors Remuneration Report continued Directors Remuneration Policy The policy will be put to shareholders for approval at the AGM to be held on 26 April 2018. Subject to approval, the policy is intended
More informationThe housing sector scheme of choice. Social Housing Pension Scheme A Guide for Members. Defined Benefit for CARE and Final Salary
The housing sector scheme of choice Social Housing Pension Scheme A Guide for Members Defined Benefit for CARE and Final Salary A Guide for Members Defined Benefit for CARE and Final Salary The Social
More informationThis booklet outlines the benefits of the ACNielsen (UK) Pension Plan from 1 April 2011 for all members who joined before 1 January 2004.
About This Booklet This booklet outlines the benefits of the ACNielsen (UK) Pension Plan from 1 April 2011 for all members who joined before 1 January 2004. Pensions can seem complicated, but every effort
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales April 2014 V1.3 1 Index 1. About this Booklet 2. About the Local Government Pension Scheme
More informationGovernance Directors remuneration report Directors remuneration policy
Directors remuneration policy 83 This section sets out the Directors remuneration policy of the Company. In accordance with section 439A of the Companies Act, a binding shareholder resolution to approve
More informationALVERNO PROVENA HOSPITAL LABORATORIES, INC. RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION
ALVERNO PROVENA HOSPITAL LABORATORIES, INC. RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary
More informationRemuneration Report: Remuneration Policy this is a comparison between the 2014 and 2015 reports to assist shareholders
Remuneration Report: Remuneration Policy this is a comparison between the 2014 and 2015 reports to assist shareholders Remuneration Policy introduction This Remuneration Policy applies to our executive
More informationANNUAL LEAVE POLICY. Author(s) (name and post): Lisa Kelly, HR Business Partner, MLCSU
ANNUAL LEAVE POLICY Author(s) (name and post): Version No.: Version 3 Approval Date: 15 th May 2018 Review Date: July 2021 Lisa Kelly, HR Business Partner, MLCSU Author/s: NHS Staffordshire and Lancashire
More informationBARNSLEY CLINICAL COMMISSIONING GROUP RETIREMENT POLICY
Putting Barnsley People First BARNSLEY CLINICAL COMMISSIONING GROUP RETIREMENT POLICY Version: 1 Approved By: Governing Body Date Approved: 13 March 2014 Name of originator / author: HR Manager, WSYBCSU
More informationA message from the Trustees
A message from the Trustees Welcome to the Luxfer Group Pension Plan. The Plan gives you an easy and cost-effective way to arrange your pension provision in retirement and to provide security for your
More informationAdministration Strategy
Administration Strategy 1 Introduction This document is the Pension Administration Strategy of the Cheshire Pension Fund. It outlines the policies and performance standards required to deliver a cost-effective,
More information1.5 Who is eligible for voluntary benefits and employee savings/discounted goods & services? UoY employees only.
Category Rule Rewards Extra Scheme rules 1. Eligibility 1.1 Who is included in the scheme? (salary exchange, voluntary benefits and employee savings) All employees of the University of York on open or
More informationRoyal Mail plc Remuneration Policy
Royal Mail plc Remuneration Policy Our current Remuneration Policy was approved by shareholders at our AGM on 21 July 2016. The improvements we made to this Policy were intended to reward delivery at pace
More informationYour scheme guide. futurefocus D. Please note the following important information.
Your scheme guide Please note the following important information. Ill health benefits The information on ill health benefits in this guide is out of date. Please refer to the Bank s Group Income Protection
More informationFortescue Staff Incentive Plan
Fortescue Staff Incentive Plan Financial Year 2014 (1 July 2013 30 June 2014) TABLE OF CONTENTS TABLE OF CONTENTS... 1 1. KEY OBJECTIVES OF THE SIP... 3 2. ELIGIBILITY... 3 3. SUMMARY OF OFFER DETAILS...
More informationLUXFER HOLDINGS PLC. Remuneration Policy Report
Remuneration Policy Report The Remuneration Committee presents the proposed Executive Directors Remuneration Policy Report for 2018. This policy will take effect immediately, following approval at the
More informationReport on Directors Remuneration 1
80 LV= Annual Report Report on Directors Remuneration 81 Report on Directors Remuneration 1 Cath Keers Chairman of the Remuneration Committee 1 This part of the Directors Remuneration Report sets out the
More informationPensions Administration Strategy
Pensions Administration Strategy April 2018 Yvonne Caddock This document has been presented, considered and approved by Pensions Committee on 13 November 2017, following consultation with all employers
More informationJoining the Local Government Pension Scheme (LGPS) 2014 Starter Information
Joining the Local Government Pension Scheme (LGPS) 2014 Starter Information Please read this leaflet, including the information about how to complete the forms Please complete and return the LGPS / New
More informationAnnual Leave Policy Work Life Balance (WLB) Work Life Balance (WLB) Version 5.0. Date January Approved by. Impact assessment date
Annual Leave Policy Work Life Balance (WLB) Title Reference Annual Leave Policy Work Life Balance (WLB) HRP005 Version 5.0 Date January 2012 Author Approved by Impact assessment date Classification HR
More informationThe Newcastle Upon Tyne Hospitals NHS Foundation Trust. Human Resources Policies & Procedures. Annual Leave & General Public Holidays
The Newcastle Upon Tyne Hospitals NHS Foundation Trust Human Resources Policies & Procedures Annual Leave & General Public Holidays Version No.: 9.6 Effective From: 13 January 2017 Expiry Date: 25 January
More informationA review may not necessarily result in an increase in base salary. Salary levels for the current Executive Directors for the 2017 financial year are:
COMPUTACENTER S REMUNERATION POLICY REPORT This section is the Group s Remuneration Policy ( Policy ), as reviewed and approved by the Board. As required, it complies with Schedule 8 of The Large and Medium-Sized
More informationRemuneration committee report. Remuneration committee chairman s annual statement. Directors remuneration policy
David Harrel Senior Independent Director Remuneration committee chairman s annual statement Last year we obtained shareholder approval for our remuneration policy and the introduction of the new Executive
More informationSpouse and Rollover Members
AUSTRALIA POST SUPER SCHEME PDS Product Disclosure Statement Spouse and Rollover Members Your Member Savings About this Product Disclosure Statement This Product Disclosure Statement (PDS) provides a summary
More informationENERGY SUPER DEFINED BENEFIT HANDBOOK. Prepared and issued 1 July 2018
ENERGY SUPER DEFINED BENEFIT HANDBOOK Prepared and issued 1 July 2018 CONTENTS About Energy Super 1 Member services 2 Growing your super 3 How your super is invested 5 Your benefits 7 Nominating your beneficiaries
More informationRemuneration Report: Remuneration Policy
Remuneration Policy introduction This Remuneration Policy applies to our executive and non-executive directors and to the chairman. In accordance with Australian law, it also sets out the broad policy
More informationPolicy Report. Directors remuneration report
Directors remuneration report Policy Report Looking forward Our Directors Remuneration Policy (the Policy ) was approved by shareholders at the AGM held on 15 May 2014 for a period of up to three years.
More informationThe University will not normally make use of this discretion but may consider its use in exceptional circumstances.
University Of Portsmouth Discretions Policy - Local Government Pension Scheme 2014 The University is required to have a discretions policy to comply with the Local Government Pension Scheme (LGPS) Regulations.
More informationA guide to the Local Government Pension Scheme (LGPS) for employees in England and Wales
Kent Pension Fund A guide to the Local Government Pension Scheme (LGPS) for employees in England and Wales www.kentpensionfund.co.uk Index 1. About this Booklet 2. About the Local Government Pension Scheme
More informationTHE FIREFIGHTERS' PENSION SCHEME 2006 (ENGLAND)
A GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 2006 (ENGLAND) FOR RETAINED FIREFIGHTERS WHO ARE "SPECIAL" MEMBERS OF THE MODIFIED SCHEME December 2016 A Guide to the Firefighters' Pension Scheme 2006 (England)
More informationRemuneration and staff report
Remuneration and staff report Appointments and Remuneration Committee The Appointments and Remuneration Committee comprised Non-executive Directors James Furse (as Chairman) and Sir John de Trafford Bt.
More informationRemuneration Policy Report
Remuneration Policy Report The following sets out our Directors Remuneration Policy (the Policy ). This Policy was approved at the 2015 AGM and applies to payments made from the AGM on 3 September 2015.
More informationBASE PAY. Directors remuneration report continued. Directors remuneration policy. Directors remuneration policy
Directors remuneration policy This section sets out the Directors remuneration policy, which is subject to a binding vote of the shareholders at the Company s next annual general meeting on 25 May 2017.
More informationRegistered Group Life and Dependants Pension policy
TECHNICAL GUIDE Registered Group Life and Dependants Pension policy Because everyone needs a back-up plan unum.co.uk Product overview Unum s : provides insurance benefits which may be paid as a lump sum
More informationi) are required to formulate, publish and keep under review a Statement of Policy on certain discretions in accordance with:
Discretions Policies for Scheme Employers in Scotland from 1 April 2015 (version 1.1) Deleted: 0 Introduction 1. The Local Government Pension Scheme (LGPS) in Scotland is being amended from 1 April 2015
More informationTHE LOCAL GOVERNMENT PENSION SCHEME. Full Guide for New Members
THE LOCAL GOVERNMENT PENSION SCHEME Full Guide for New Members THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) SCOTLAND [Scottish version, April 2018] 1 Contents Welcome to the Scheme 3 What is the Local Government
More informationMyState Limited Remuneration Policy Board Approved August 2017
Remuneration Policy Preamble This Policy applies to MyState Limited and all MyState Limited Group Companies and Subsidiaries. The Policy is compliant with applicable Australian Prudential Regulatory Standards.
More informationStaff benefit car lease scheme. NHSFS
Staff benefit car lease scheme www.nhsfleetsolutions.co.uk NHSFS 010618 The car lease scheme Overview The Scheme is designed to provide you with competitively priced and trouble free motoring. Under the
More informationBT PENSION SCHEME SECTION B. Explanatory booklet for Members who joined Section B of the BT Pension Scheme between 1 December 1971 and 31 March 1986
BT PENSION SCHEME SECTION B Explanatory booklet for Members who joined Section B of the BT Pension Scheme between 1 December 1971 and 31 March 1986 (and Section A members who elected to be subject to Section
More informationRules of the Retail Food Group Limited Short Term Incentive Plan
Rules of the Retail Food Group Limited Short Term Incentive Plan Contents Page 1 PURPOSE... 1 2 ADMINISTRATION... 1 3 MEASUREMENT PERIODS... 1 4 ELIGIBILITY TO PARTICIPATE... 1 5 OFFERS... 1 6 ACCEPTANCE...
More informationPaternity Leave Policy
Paternity Leave Policy Aim of the Policy The Kelda Group is committed to treating all colleagues fairly and consistently, and recognises the importance of maintaining a healthy work-life balance. The following
More information2014 Performance Share Plan and Bonus / Matching Plan Factsheet
2014 Performance Share Plan and Bonus / Matching Plan 2014 Performance Share Plan Rules Purpose of the PSP Plan Share-based compensation aligns the interests of the Executive Directors with shareholders
More informationChanges to your pension. BTPS Team Members April 2018
Changes to your pension BTPS Team Members April 2018 CONTENTS page 1 Introduction Summary of the changes 2 Why are we making these changes? 3 Your BTPS benefits Your deferred benefits in the BTPS AVCs
More informationA Guide to the Firefighters Pension Scheme Wales 2015
A Guide to the Firefighters Pension Scheme Wales 2015 Date of issue: October 2015 Working in partnership with Local Government Association Crown copyright 2015 WG26279 Digital ISBN 978 1 4734 4526 0 THE
More informationDirectors remuneration policy report
Strategic Report Governance Financial Statements Other Information 85 Directors remuneration policy report The policy will be presented to shareholders at the AGM on 18 May 2017 for approval by binding
More informationNETAPP, INC. EMPLOYEES 401(k) SAVINGS PLAN
NETAPP, INC. EMPLOYEES 401(k) SAVINGS PLAN Summary Plan Description (Effective January 1, 2015) Plan Highlights NetApp, Inc. (the "Company") maintains the NetApp, Inc. Employees 401(k) Savings Plan (the
More informationHUMAN RESOURCES LEAVE POLICY POLICY NUMBER HR14
NETCARE LIMITED HUMAN RESOURCES POLICY NUMBER HR14 PREPARED BY APPROVED BY HUMAN RESOURCES DEPARTMENT HUMAN RESOURCES DIRECTOR PREPARATION DATE MARCH 2013 ISSUE DATE NOVEMBER 2013 REVISION DATE NOVEMBER
More informationRemuneration Report For the year ended 31 March 2014
Remuneration Report For the year ended 31 March 2014 INTRODUCTION This report is on the activities of the Remuneration Committee for the period from 1 April 2013 to 31 March 2014. It sets out the remuneration
More informationEmployers quick start guide to the NHS Pension Scheme
Employers quick start guide to the NHS Pension Scheme Employers Quick Start Guide to the NHS Pension Scheme (V0.2) 03.2017 This guide is aimed at employers who have recently been accepted as Employing
More informationDirectors Remuneration Report
87 Directors Remuneration Report Introduction Key Principles Dechra s policy is to provide remuneration packages that: promote the long term success of Dechra, with stretching performance conditions, which
More informationDiscretions Policies for Scheme Employers in Scotland from 1 April 2015 (version 1.1)
Discretions Policies for Scheme Employers in Scotland from 1 April 2015 (version 1.1) Introduction 1. The Local Government Pension Scheme (LGPS) in Scotland is being amended from 1 April 2015 so that benefits
More informationRemuneration report. Remuneration policy report
Remuneration policy report This part of the Directors Remuneration Report sets out the remuneration policy for the Company and has been prepared in accordance with The Large and Medium-sized Companies
More information