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mcemory
Please explain the differences in the following Pensionable
remuneration
> formulas :
>
> 1. Gross equivalent of net base remuneration
> 2. Gross equivalent of regular net-of tax salary
> 3. " " (tax supplement paid by plan)
> 4. regular net compensation( how is this diff from 1 and 2?)
>
> I'm reviewing the current practice/policy of adding a % grossup to
theemployee pension contribution to based upon salary to assist in
reducing theimpact of taxation when the benefit is paid at retirement.
The orgainizational is international with tax exempt status.
:confused:
vebaguru
Sorry we can't help but your nomenclature is not standard for the US. Here we speak of 415 compensation, 4301 compensation or or 414(s) compensation, referring to sections of the Internal Revenue Code.
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