Survey Report - Part I

Size: px
Start display at page:

Download "Survey Report - Part I"

Transcription

1 Survey Report - Part I Prepared for:

2 Table of Contents 1. Introduction 2. Market Overview 3. Comparative Chart: You vs. the Market. Your Jobs vs. the Market. Overall Market Data by Quartile a. base salary only b. base salary plus fixed allowances c. base salary, fixed allowances and short term incentives d. Total Compensation (including in kind benefits). Summary of Benefit Practices a. Summary of Medical Benefits b. Summary of Employer Pension and Savings Plan. Benefits by Employer a. Summary of Allowances, Incentives and In kind Benefits b. Summary of Medical Plans c. Summary of Retirement Plans d. Summary of Family Benefits e. Summary of Leave Benefits. Tax Summary 9. Social Security/Labour Code Summary 10. Exchange Rate Summary 11. List of Participants 12. Definitions

3 1. Introduction This survey report for Kenya presents a rich profile of current market conditions within the NGO Community. The NGO Local Pay survey partners have worked with leading NGOs to ensure that the most relevant jobs and most representative employers have been engaged to provide a tailored picture that is both comprehensive and focused. Understanding Developing Country Markets In any labour market, accessing consistent and relevant compensation data is a challenge. In an emerging market employers face operating conditions where standard approaches to data collection and aggregation not only do not often apply, but these approaches can contribute to anomalies in the market profile. Developing country markets are distinct from more developed labour markets in two broad areas: (1) depth and structure of available information and (2) volatility in market conditions. The Birches Group Approach Through our focus on developing country markets, Birches Group not only has developed a deep understanding of the forces which shape compensation in these locations; we have developed analytical tools and a methodological approach tailored to address these factors. This approach is built around creating a relevant context to assess and frame the market conditions. It is reflected in the Birches Group methodology both in the manner in which job comparisons are established and in how salary data is aggregated. Fundamental to this approach are two elements: only trained Birches Group compensation specialists establish job comparisons following direct interviews with employers. Job leveling goes beyond simple functional and title comparison to include an examination of the structural context. This provides a true assessment of comparability. With respect to data, for all jobs where a match is established, salary data not only for current incumbents is collected but the actual structural ranges focusing on hiring rates, attainable maxima and market reference positions are also collected. This structure data provides bookends for the actual compensation data. It enables an analysis of the compa-ratio within the employer regarding the position of its staff to its target market position and most importantly over time it enables an assessment of the factors affecting pay movement beyond responding to market conditions. The NGO Local Pay Surveys The collaboration between Birches Group, Inside NGO and People In Aid to create a dedicated rich market survey of the NGO community has been an exciting undertaking. This survey report is the outcome of this endeavor. We are equally grateful to all the participating NGOs for the time and effort in providing the required salary and benefit information. We are hopeful that the information provided will be useful to NGOs in managing local national compensation. We equally recognize that this effort is a work in progress. We seek your detailed feedback to further improve and build upon this initiative to create an ongoing service which will provide dynamic information on market conditions and enable the NGO Community to more effectively manage staff compensation. 1

4 The Survey Report The report which follows details the data collected from the participating employers. Information is presented from several perspectives and covers the full range of salary and benefit provisions. Birches Group compensation specialists are available to answer questions regarding the data and the findings. We can be contacted at Again we are most grateful for everyone s participation and support. We look forward to receiving your questions and feedback. 2. Market Overview Kenya is the main trade port regionally in East Africa. It maintains a liberalized trade system that could give Kenya a boost in GDP but with recent political turmoil, corruption and drought, the population of those below the poverty line have increased. Although there was some political instability after the 200 elections, the current government has been able to implement policies that have helped the local market - creating new jobs by expanding the service sector has also helped reduce unemployment. The government has implemented a fiscal stimulus to help the economy get out of high inflation. inflation increased by 0.1% from 3. % in June 2010 to 3.% July 2010; however the annual average inflation continued to fall to.0 % from.% in July A total of nineteen international NGOs participated in the second Kenya LiNGO survey of 2010, with a total of 1,120 incumbents. The survey looks into the current market practice in terms of the compensation packages offered in the NGO community. Most of the organizations included in the survey focus on advocacy, relief, population services, and refugee support. All survey participants have established offices in the capital, Nairobi, while some participants have also set up field offices across various locations in Kenya. It was noted that some organizations differentiate pay between their main office and field locations, with a general practice of higher pay in Nairobi due to differing criteria required for employees in main offices. However, several employers do provide hardship type allowances to their field employees. A number of employers use Nairobi as their operations in Somalia - these organizations are commonly directed towards refugee support and relief. The compensation packages of the majority of surveyed employers include a variety of cash and in-kind benefits, most commonly recreation benefits, transportation and housing allowances, as well as bonuses. There is no national medical scheme implemented by the government, however by law employers must provide medical insurance to employees and commonly medical insurance also covers immediate family members. Kenyan law also requires both employer and employee to contribute to the National Social Security Fund (NSSF) and most surveyed organizations provide a supplementary retirement scheme in addition to the NSSF. Central Bank of Kenya The CBK Weekly Bulletin. < (August, 2010). 2

5 3. Comparative Chart: You vs. the Market : Nairobi, Kenya, July Gross Compensation in U.S. Dollars (USD) BG Grades 0th th Your Position The above chart is designed to provide a summary overview of the survey results. Birches Group survey benchmark jobs are classified into 1 distinct levels or grades. This chart shows the average total compensation for all of your jobs matched at each level compared to the local labour market. The total compensation values displayed in this chart include base salary, fixed cash allowances, variable cash and in-kind benefits, but exclude a valuation of pension and medical plans. For more details on which of your jobs were matched, and a comparison to the market level for each one, see the Comparative Table in the next section, and the Overall Market Data by Quartile in Section. Detailed market information for each job in the survey is contained in Part II of this report. 3

6 . Your Jobs vs. the Market The table in this section provides a comparison of your total gross compensation by job to the local labour market for your matched jobs. The total gross compensation includes base salary, fixed cash allowances, variable pay and in-kind benefits, but excludes a valuation of pension and medical plans. The values in the Your Compensation column represent the average of the values you provided us for each job. The compa-ratio column represents the relationship of your average gross compensation for each job to the overall market average. A compa-ratio of 9% suggests that you are % behind the market average while a compa-ratio of 10% suggests you are % ahead of the market average. Your Job Title Your Job Grade BG Level/ (Job Number) Your compensation 0th th Comparatio Country Director A 11-DPM (211), 11-GEN (19),11 Program Director A 10-DPM (210), 3,0 10-GEN (1),11,101 9% 39,91 3,23 102% Finance Director A 10-FIN (0) 3,0 33,099 39, % Program Manager B 9-DPM (209), 2,91 9-GEN (1) 2,0 3,3 % Finance Manager B 9-FIN (9) 2,91 2,91 33,302 93% HR Manager B 9-HR (9) 2,91 2,0 31, 93% Logistics Manager C -GEN (1) 1,09 23,93 2,1 % Project Manager C -DPM (20) 1,09 2,13 2,99 0% Project Coordinator D -DPM (20) 13, 1,33 23,9 9% Admin Manager D -ADM (1) 13, 2,0 2,09 % Accountant D -FIN (1) 13, 1,090 2,31 2% Logistics Coordinator E -LOG (29) 9,0 10,3 1,022 2% Admin Coordinator E -ADM (12) 9,0 13,3 1,9 % Program Coordinator E -DPM (20) 9,0 1,00 1,9 0% Grants Accountant E -FIN (13) 9,0 1,2 1,13 % Recruitment Coordinator E -HR (12) 9,0 1,30 1, 9% IT Coordinator E -IT (10) 9,0 12,202 13,9 % Executive Secretary E -SEC (11) 9,0 1,29 20,00 9% Logistics Officer F -LOG (29),9,9 10,3 0% Program Administration Coor. F -ADM (9),9 10,30 13,3 0% Research & Development Coor. F -DPM (20),9 1,2 1,3 2% Finance Officer F -FIN (10),9 9,0 13,03 1% HR Officer F -HR (),9,9,932 %

7 Your Job Title Your Job Grade BG Level/ (Job Number) Your compensation 0th th Comparatio Departmental Secretary F -SEC (),9,9 11,9 % Secretary G -SEC (),129,129,93 % Admin G -ADM (),129,13 10,3 2% Bookkeeper G -FIN (),129,02 10, % Sr. Driver H 3-ADM (3),9,1 9,293 % Receptionist H 3-SEC (),9,0,20 0% Driver I 2-ADM (2) 3,11,31,9 0% Cleaner I 1-ADM (1001) 3,01 3,01, % Messenger I 1-ADM (1) 3,01,23,11 %

8 . Overall Market Data by Quartile a. Base Salary Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 11 - GEN Manager / 19 Min 21,2 21,2 2,32 2, 2,0 3, 31,09 31,09 31,09 Authoritative MRP 2,0 1,12 2,0 9, 3,30 3,,12,12,12 Specialist 9,0 9,0 2,213 3,,23,2,912,912, DPM Senior Programme 211 Min 21,2 21,2 2,33 2,09 2,2 2,0 2,3 2,2 2, Officer MRP 2,0 1,12 2,19 2,3,90 1,9,20,9,12 9,0 9,0 1,2 2,,9,2 3,2 3,91, GEN Sr. Working Level 1 Min 21,2 9,9 21,29 2, 32,3 3,3 2, 2,9 2, Professional MRP 3, 10,91 3, 3, 1,12,220 32,9 32,00 3,20 9,0 1,00 0,92,3 0,9,0 2,22 2,, FIN Sr. Accountant 0 Min 21,2 9,9 21,29 2, 2,32,2 2,912 2,99 2,32 MRP 3, 1,22 30,1 32,90 3,11,2 32,9 32, 32,1 9,0 1,00 39, 3,2 0,9,0,92,93, HR HR Specialist 0 Min 1,12 22, 2, 2,32 31,23 2,92 2,92 2,92 MRP 2,99 32,1 3,2 0, 0,100 3,13 3,13 3,13 0,13 0,2 2,232,20 0,100 3, 3, 3, 10 - DPM Programme Officer 210 Min 21,2 1,12 22, 2,09 3,2 3,3 2, 2,91 29,2 MRP 3, 30,1 33,9 39,10 2,2,220 3,990 3,0 3,0 9,0 0,13 2,90,2,9,0,02,119,3 9 - GEN Working Level 1 Min 1,220,0 1,93 22,1 2, 31,1 2,22 23,3 21,12 Professional MRP 23,00 11, 23,31 2,929 31,232 3,133 29,21 29,0 2,02 33,10 1,1 29,3 32,09 1,90 3,111 3,93 3,9 3, FIN Accountant 9 Min 1,220,0 1,0 1,01 23,3 31,1 20,90 20,1 19, MRP 23,00 9,0 22,30 23,00 32,0 1,2 29,90 29,1 2,39 33,10 1,1 2,0 29,3 39,0 3,111 3,39 3, 32,

9 a. Base Salary Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 9 - ADM Admin Services 129 Min 1,93 20,19 22,1 2,2 32,10 2,1 2,1 2,1 Officer MRP 21,1 2,0 2,929 29,19 32,10 2,1 2,1 2,1 2,2 30,1 32,10 3,999 1,90 3,21 3,21 3, HR HR Services 9 Min 1,220,0 12,30 1,331 22,93 2, 1,12 1,12 1,12 Analyst MRP 23,00 10,209 20,32 2,31 31,2,0 2, 2, 2, 33,10 1,1 2,1 3,3 2,2,0 3,12 3,12 3, DPM Project Officer 209 Min 1,220,0 1,020 20, 2,33 3,211 22,0 22,03 21,9 MRP 23,00 11, 23,009 2, 31,99 1,2 2, 2,099 2,22 33,10 1,1 2,32 32,9 39,9 3,111 32,2 32,9 3, LOG Logistics 299 Min 1,93 19,22 21,92 2,02 31,1 22,323 22,3 22,90 Programme MRP 20,9 21,2 2,193 3,2 1,2 29,03 2,91 2, Support Manager 2, 2,92 3,1,0 3,111 3,29 3,20 3,2 - GEN Entry Level 1 Min 9, 9, 13,332 1,90 22,91 30,300 2,30 23,90 1,13 Professional MRP 1,2 1,2 1,23 23,19 2,33 30,300 2,03 2,0 22,9 23,00 1,01 23,00 30,300 33,99,2 30,21 30,23 30,13 - DPM Project 20 Min 9, 9, 12, 1,91 2,90 32,10 11, 13,9 19, Officer MRP 1,2 1,2 22,0 2, 2,102 32,10 1,0 19, 2,3 23,00 23,00 29,1 33,01 3,1,2 2,133 2,99 33,0 - FIN Sr. Accounts 1 Min,, 9,0 10,3 1,12 1,32 12,20 12,309 12,0 MRP 12,192 12,192 1,02 1,93 2,2 33,29 20,1 20, 21,1 1, 1, 1,00 1,93 2,10 3,20 22,23 22,13 22,20 - ADM Sr. Admin. 1 Min,, 12,11 1,30 1,0 1,32 1,0 1,0 1,0 MRP 12,192 12,192 19,9 22,0 2,9 3,20 22,9 22,9 22,9 1, 1, 2,99 31,19 3,01 3,20 2,33 2,33 2,33 - DPM Sr. Programme 20 Min,, 13,1 1,0 1, 1,32 1, 1, 1,93 MRP 12,192 12,192 1,39 1,1 22, 2,3 1,0 1,13 1,19 1, 1, 1,3 2,930 3,01,2 2,01 2,9 2,

10 a. Base Salary Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - SEC Executive 11 Min,20,0,20 1,011 1,109 1,22 10, 10,922 11,33 MRP,12,11,12 1,20 1,22 20,00 1,2 1,2 1,33 10,9 10,9 12,91 1,22 22,1 2,331 1,30 1,292 1,11 - FIN Accounts Asst 13 Min,20, 9,1 13,390 1, 1,29 13,1 12,929 11,2 MRP,12,12 12,23 13,9 1,2 22,9 1,09 1,3 1,2 10,9 10,002 13,9 1,09 22,9 29,3 20,3 19,90 1, ADM Admin. 12 Min,20,,2 11,1 13,2 1,91 11,22 11,13 10,01 MRP,12,2 9,20 12,930 1, 19,33 13,329 13,20 13,0 10,9 10,002 13,19 19,3 2,2 2, 19,9 19,19 1, HR HR Services 12 Min,20,20 9,93 12,2 13,1 1,20 12,02 11,91 11,0 MRP,12,12 11,2 13, 1,1 2, 1,33 1,0 1,1 10,9 10,9 1,00 19,09 23,23 2, 19, 19,3 1, 9 - IT OTC 10 Min,20,20 9,101 10,39 11,2 1,29 10,1 10,9 10, MRP,12,12 9,0 11,1 13, 22,9 12, 12,09 12,3 10,9 10,9 1,1 1,9 23,23 29,3 20,12 20,03 19,3 - DPM Programme 20 Min,20,20 10,39 11,9 1,09 1,20 10,2 10,2 11,1 MRP,12,12 11,2 1,39 1, 20, 12,992 13,31 1,02 10,9 10,9 1,19 1, 21,9 2, 19,30 1,90 1,0 0 - LOG Warehouse 29 Min,20,,1,300 11,9 13,232,,, Manager MRP,12,3,2 9,22 13,3 21,132 12,3 12,2 11,03 10,9 10,002 10,2 12, 1,2 2, 1,0 1, 1, SEC Sr. Secretary Min,0,0,01,0,1 9,,1,9,9 MRP,,,0, 11,0 1,323,1,30 9,9,0,0 10,9 12,91 1,9 1,02 11,03 11,13 13, FIN Sr. Accounting 10 Min,0 3,12,2,0 9,2 12,91 9,0,1,03 Clerk MRP,,23,00,93 12,31 1,39 10, 10, 9,93,0,399 10,03 13,1 1,30 19,33 13,29 13,3 13, 10 2

11 a. Base Salary Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - ADM Sr. Admin Clerk 9 Min,0 3,12,, 10,092 11,9,0,901,3 MRP,,09,92 10,030 13,32 1,39,91,90 10,10,0,399 9,99 1,30 1,121 19,33 11,99 12,3 1, HR HR Clerk Min,0 3,12,0,0,9 9,,2,0,901 MRP,,0,9,,10 1,02,13,11,29,0,399,0 10,3 12,91 1,02 11,1 11,31 11,30 - DPM Sr. Programme 20 Min,0,0,2 9, 11,221 11,9 10,013 9,1,91 Clerk MRP,,,00 11,9 1, 1,39 10,12 10, 11,232,0,0 11,219 1,23 1,21 19,33 13,901 1,13 1, LOG Warehouse 29 Min,0 3,12,0,9,32 11,9,399,32,99 MRP, 3,20,,92 10,2 1,39 9,9 9,292,,0,399,0 10,3 11,393 19,33 12,331 12,11 11, SEC Secretary Min,320,320,,,0 9,9,92,33,0 MRP,12,23,12,9,1 9,9,1,9,1,0,0,32,22 9,9 12,91 9,93 9,1,9 1 - FIN Bookkeeper Min,320,320,9,,3 11,90,,,0 MRP,12,12,1,9 10,12 11,90,19,291,12,0,0 10,3 11,1 12,03 12,91 9,13 9,3 10, ADM Admin. Clerk Min,320,320,9,,1 9,9,1,3,390 MRP,12,0,32,1 9,933 10,0,23,,0,0,0 9,03 10,1 12,03 12,91 9,9 10,012 10,2 3 - SEC Clerk-Typist Min 3,3 2, 3,,1,1 9,9,3,,39 MRP,22 2,,0,10,0 9,9,00,121,123,0,0,30 9, 10,11 11,0,21,, ADM Sr. Driver 3 Min 3,3 3,3,3,209,2,3,11,93,32 MRP,22,22,3,0,1 13,21,9,93,9,0,0,22 10,3 11,0 13,21 9,1 9,2 9,1 9

12 a. Base Salary Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 2 - ADM Driver 2 Min 2,32 2,32 3,91,19,292,19,23,23,199 MRP 3,10 2,93,10,9,113 9,33,33,1,0 3,2 3,2,2,, 10,9,90,3, ADM Cleaner 1001 Min 2,32 1,12 1,92 2,32 3,39 3,91 2,3 2,1 2,0 MRP 2,0 1,312 1,9 2,1,0,2 2, 2,902 3,0 3,2 1,312 2,992 3,91,31,9 3,3 3,0 3, ADM Messenger 1 Min 2,32 2,32 2,99 3,3,939,19 3,1 3,21 3,92 MRP 2,0 2,0 3,30,011,1,2 3,10,001,0 3,2 3,2,2,22,221 10,9,,,

13 b. Base Salary plus Fixed Allowances Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 11 - GEN Manager / 19 Min 23,03 23,03 2,0 2,92 2,2,391 32,9 32,9 32,9 Authoritative MRP,3,3,3 9,,09,391 0,9 0,9 0,9 Specialist 3,2 2,213 3,2,2,391,,9,9, DPM Senior Programme 211 Min 23,03 23,03 2, 2,33 2,11 2,2 2,9 2,1 2, Officer MRP,3 2, 3,9,3,211 3,09,13,933,1 3,2 2,213 3,30,3,39,,9,122, GEN Sr. Working Level 1 Min 23,03 11,91 23,2 2,31 32,3 3,1 2,903 2,0 2,29 Professional MRP 3,1 13,2 3, 39,02 3,33,220 33,90 3,23 3,0 3,2 21,22 1,0,3,9,93,21,30, FIN Sr. Accountant 0 Min 23,03 11,91 23,2 2, 2,,012 2,09 2,0 2,29 MRP 3,1 1, 31,19 32,90 39,2,012 3, 3,19 33,9 3,2 21,22 39,93 3,3,9,93,2,901, HR HR Specialist 0 Min 19,20 23,2 2,31 2, 31,23 2,31 2,31 2,31 MRP 29,23 32,930 3,3 2,921 0,100 3,0 3,0 3,0 0,90 1,20,,9 0,100,00,00, DPM Programme Officer 210 Min 23,03 19,20 23,2 2,21 3,2 3,1 2,920 2,3 30,01 MRP 3,1 33,120 3,13 39,10 2,329,220 3,39 3,92 39,13 3,2 1,9 3,,0 0,91,93,20, 0, GEN Working Level 1 Min 1,0 9,201 1,01 22,1 2, 3,90 2,90 2,30 22,20 Professional MRP 2, 1,33 23,31 2,09 3,0,0 31,32 31,0 29,9 3,9 19,20 29,3 3,13 2,020,3 3,32 3,2 3,0 9 - FIN Accountant 9 Min 1,0 9,201 1,03 1,2 23,3 3,90 21,12 21, 20, MRP 2, 11,330 22,30 2, 33,119,0 31,02 30, 2, 3,9 19,20 2,112 30,002 0,2,3 3,3 3,2 3, 9 - ADM Admin Services 129 Min 1,2 20, 22,1 2, 3,9 2,3 2,3 2,3 Officer MRP 22,10 2,0 2,09 31,00 3,9 2,0 2,0 2,0 30,002 32,0 3,9 3,9 2,020 3,0 3,0 3,

14 b. Base Salary plus Fixed Allowances Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 9 - HR HR Services 9 Min 1,0 9,201 13, 1,9 23,00 2, 1,91 1,91 1,91 Analyst MRP 2, 12, 22,2 2,3 31,39,0 2,1 2,1 2,1 3,9 19,20 31, 3,93 2,90,0 3,1 3,1 3,1 9 - DPM Project Officer 209 Min 1,0 9,201 1, 20,10 2,13 1,31 22,9 23,0 22,931 MRP 2, 1,33 23,009 2,3 33,19,0 2,02 2,33 29,131 3,9 19,20 2,32 3,09 2,239,3 33,1 3,0 3, LOG Logistics 299 Min 1,01 19,3 21, 2,02 3,90 22,9 23,00 23,39 Programme MRP 21,0 21,9 2,193 3,2,0 29,29 29, 29, Support Manager 2, 29, 3,011,0,3 3,30 3,323 3, - GEN Entry Level 1 Min 10, 10, 13,09 1,90 22,21 33,03 2,32 2,2 19,1 Professional MRP 1,23 1,23 1,23 23,2 2,3 33,03 29,09 2,0 23,31 2,90 1,01 2,90 33,03 3,03,012 32,330 32,09 31,290 - DPM Project 20 Min 10, 10, 12, 1,1 2,0 3,9 12, 1,393 20,93 Officer MRP 1,23 1,23 22,3 2,000 2,912 3,9 19,39 20,99 2,9 2,90 2,90 32,2 3,30 3,1,012 2,90 2,20 3,90 - FIN Sr. Accounts 1 Min 9,12 9,12 10,00 10,03 1, 1,32 12,90 12, 12,9 MRP 13,20 13,20 1, 1,03 2,90 33,29 20,1 20,90 21,29 1,92 1,92 1,1 1,03 2,11 3,20 22,910 23,0 23,09 - ADM Sr. Admin. 1 Min 9,12 9,12 12,0 1,91 1, 19,2 1,1 1,1 1,1 MRP 13,20 13,20 20,3 2,139 2,91 3,20 23,93 23,93 23,93 1,92 1,92 2,20 33,3 3,31 3,03 29,0 29,0 29,0 - DPM Sr. Programme 20 Min 9,12 9,12 1,31 1, 1,12 19,2 1,22 1, 1,3 MRP 13,20 13,20 1,9 1,019 23,2 2,3 1, 1,93 19,1 1,92 1,92 1,3 2,91 3,31,012 2,111 2,93 2,930 - SEC Executive 11 Min,20,11,20 1,109 1, 20,9 11,2 11,9 12,03 MRP,01,2,01 1,003 20,00 20,9 1,91 1,93 1,11 11,2 11,2 13,1 20,9 23,32 2,331 19,0 19,0 19,

15 b. Base Salary plus Fixed Allowances Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - FIN Accounts Asst 13 Min,20,20 9,1 13,13 1,3 19,2 1,10 13,93 12,3 MRP,01,01 12, 1,91 1, 2,3 1,12 1,0 1,2 11,2 11,2 1,39 1,9 23, 32,10 21, 21,01 19, ADM Admin. 12 Min,20,20,1 11,92 13, 1,0 11,0 11,32 11,11 MRP,01,9 9,0 13,23 1,90 21,13 1,10 1,033 13, 11,2 11,2 1,19 19,9 2, 2,19 21,09 20,11 19, HR HR Services 12 Min,20,20 10,0 12,2 1,31 1, 12,9 12, 12,0 MRP,01,01 12,002 1,229 1,29 2, 1,1 1,1 1,23 11,2 11,2 1, 20,9 2,3 2, 20,3 20,2 19,3 9 - IT OTC 10 Min,20,20 9,2 10,9 12,299 19,2 11,01 11,02 11,21 MRP,01,01 9,3 11,92 13,92 2,3 13,10 13,22 13,0 11,2 11,2 1,9 19,21 2,3 32,10 21,001 20,919 20,391 - DPM Programme 20 Min,20,20 10,9 12, 1,09 1,2 10,0 10,92 12,22 MRP,01,01 11,3 1,09 1,390 20, 13,3 13,2 1, 11,2 11,2 1,13 1,2 23,22 2, 20,0 19,1 1,1 0 - LOG Warehouse 29 Min,20,20,21, 11,9 13,232 9,121 9,10 9,032 Manager MRP,01,2,2 10,00 13,3 21,132 12,901 12,10 12,3 11,2 11,2 12,33 13,2 1,2 2, 1,21 1,339 1, SEC Sr. Secretary Min,99,11,33,99,2 9,,11,193, MRP,332,,09,332 11,32 1,323,2,20 9,1 9,1 9,1 11,1 13,1 1,9 1,02 12,0 12,239 13, 3 - FIN Sr. Accounting 10 Min,99,332,390,9 9,2 1,939 9, 9,3, Clerk MRP,332,019,2 9,10 13,1 1,99 11,2 11,233 10,21 9,1 9,1 10,00 1,202 1,310 21,9 1,231 1,33 1, ADM Sr. Admin Clerk 9 Min,99,332,90, 10,22 12,,9,23,12 MRP,332,113,2 10,12 13,0 1,99 9,0 9, 10, 9,1 9,1 10,21 1,9 1,02 21,9 12,2 13,29 1, 31 13

16 b. Base Salary plus Fixed Allowances Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - HR HR Clerk Min,99,332,11,99,11 9,,02,0,19 MRP,332,11,9,332, 1,02,,,33 9,1 9,1 9,23 10,03 13,1 1,02 12,29 12,23 12,11 - DPM Sr. Programme 20 Min,99,99, 9, 12,093 13,9 11,21 10,039 9,1 Clerk MRP,332,332,2 13,9 1,19 1,99 11, 11,2 11,9 9,1 9,1 12,29 1,03 1,03 21,9 1,2 1, 1, 13 - LOG Warehouse 29 Min,99,332,99,11,32 12,,01,920,12 MRP,332,3,112,332 10,2 1,99 10,239 10,09 9,302 9,1 9,1 9,23 10,03 11,393 21,9 13,39 13,21 12, SEC Secretary Min,0,,1,0,11 11,12 9,21,12,1 MRP,3,3,9,3, 11,12 9,0 9,011,03,020,2,020,22 11,12 13,1 11,23 10,93 9, FIN Bookkeeper Min,0,0,09,2,13 13,,0,2, MRP,3,3,0, 10,2 13, 9,2 9,30,1,020,020 10,3 12, 13,312 13, 10,23 10,0 11, ADM Admin. Clerk Min,0,0,09,2, 11,12,9,09,9 MRP,3,11,90,9 10,01 11,12,2,03,22,020,020 10,3 11, 12,1 13,1 10,22 10,2 10, SEC Clerk-Typist Min 3, 3,030 3,,1, 11,12,9,99,91 MRP,2 3,09,0,,133 11,12,9,19,21,99,99,00 9,9 11, 12,13 10,1 9,0 9, ADM Sr. Driver 3 Min 3, 3,,,2,90,,3,2,3 MRP,2,2,90,10 9,02 13,21,3,39,23,99,99,3 11,3 12,13 13,21 10,390 10,39 10,1 2 - ADM Driver 2 Min 2, 2, 3,21,2,1,339,9,,0 MRP 3, 3,,0,10,21 9,33,9,02,90 3,9 3,9,2,10,902 10,9,332,09,

17 b. Base Salary plus Fixed Allowances Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 1 - ADM Cleaner 1001 Min 2, 1,19 2,210 2, 3,39, 3,090 2,99 2,1 MRP 2,9 1,30 2,1 2,9,20, 3, 3,10 3,39 3,9 1,30 2,992,2,,31,29,23, ADM Messenger 1 Min 2, 2, 3,02 3,01,1,19 3,2 3,3,03 MRP 2,9 2,9 3,3,0,991,90 3,92,12,19 3,9 3,9,,3,9 10,9,1,1,

18 c. Base Salary, Fixed Allowances and Short-term Incentives Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 11 - GEN Manager / 19 Min 23,03 23,03 2,0 2,92 2,2,391 32,9 32,9 32,9 Authoritative MRP,3,3,3 9,,09,391 0,9 0,9 0,9 Specialist 3,2 2,213 3,2,2,391,,9,9, DPM Senior Programme 211 Min 23,03 23,03 2, 2,33 2,11 2,2 2,9 2,1 2, Officer MRP,3 2, 3,9,3,211 3,09,13,933,1 3,2 2,213 3,30,3,39,,9,122, GEN Sr. Working Level 1 Min 23,03 11,91 23,2 2,31 32,3 3,1 2,903 2,0 2,29 Professional MRP 3,1 13,2 3, 39,02 3,33,220 33,90 3,23 3,0 3,2 21,22 1,0,3,9,93,21,30, FIN Sr. Accountant 0 Min 23,03 11,91 23,2 2, 2,,012 2,09 2,0 2,29 MRP 3,1 1, 31,19 32,90 39,2,012 3, 3,19 33,9 3,2 21,22 39,93 3,3,9,93,2,901, HR HR Specialist 0 Min 19,20 23,2 2,31 2, 31,23 2,31 2,31 2,31 MRP 29,23 32,930 3,3 2,921 0,100 3,0 3,0 3,0 0,90 1,20,,9 0,100,00,00, DPM Programme Officer 210 Min 23,03 19,20 23,2 2,21 3,2 3,1 2,920 2,3 30,01 MRP 3,1 33,120 3,13 39,10 2,329,220 3,39 3,92 39,13 3,2 1,9 3,,0 0,91,93,20, 0, GEN Working Level 1 Min 1,0 9,201 1,01 22,1 2, 3,90 2,90 2,30 22,20 Professional MRP 2, 1,33 23,31 2,09 3,0,0 31,32 31,0 29,9 3,9 19,20 29,3 3,13 2,020,3 3,32 3,2 3,0 9 - FIN Accountant 9 Min 1,0 9,201 1,03 1,2 23,3 3,90 21,12 21, 20, MRP 2, 11,330 22,30 2, 33,119,0 31,02 30, 2, 3,9 19,20 2,112 30,002 0,2,3 3,3 3,2 3, 9 - ADM Admin Services 129 Min 1,2 20, 22,1 2, 3,9 2,3 2,3 2,3 Officer MRP 22,10 2,0 2,09 31,00 3,9 2,0 2,0 2,0 30,002 32,0 3,9 3,9 2,020 3,0 3,0 3,

19 c. Base Salary, Fixed Allowances and Short-term Incentives Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 9 - HR HR Services 9 Min 1,0 9,201 13, 1,9 23,00 2, 1,91 1,91 1,91 Analyst MRP 2, 12, 22,2 2,3 31,39,0 2,1 2,1 2,1 3,9 19,20 31, 3,93 2,90,0 3,1 3,1 3,1 9 - DPM Project Officer 209 Min 1,0 9,201 1, 20,10 2,13 1,31 22,9 23,0 22,931 MRP 2, 1,33 23,009 2,3 33,19,0 2,02 2,33 29,131 3,9 19,20 2,32 3,09 2,239,3 33,1 3,0 3, LOG Logistics 299 Min 1,01 19,3 21, 2,02 3,90 22,9 23,00 23,39 Programme MRP 21,0 21,9 2,193 3,2,0 29,29 29, 29, Support Manager 2, 29, 3,011,0,3 3,30 3,323 3, - GEN Entry Level 1 Min 10, 10, 13,09 1,90 22,21 33,03 2,32 2,2 19,1 Professional MRP 1,23 1,23 1,23 23,2 2,3 33,03 29,09 2,0 23,31 2,90 1,01 2,90 33,03 3,03,012 32,330 32,09 31,290 - DPM Project 20 Min 10, 10, 12, 1,1 2,0 3,9 12, 1,393 20,93 Officer MRP 1,23 1,23 22,3 2,000 2,912 3,9 19,39 20,99 2,9 2,90 2,90 32,2 3,30 3,1,012 2,90 2,20 3,90 - FIN Sr. Accounts 1 Min 9,12 9,12 10,00 10,03 1, 1,32 12,90 12, 12,9 MRP 13,20 13,20 1, 1,03 2,90 33,29 20,1 20,90 21,29 1,92 1,92 1,1 1,03 2,11 3,20 22,910 23,0 23,09 - ADM Sr. Admin. 1 Min 9,12 9,12 12,0 1,91 1, 19,2 1,1 1,1 1,1 MRP 13,20 13,20 20,3 2,139 2,91 3,20 23,93 23,93 23,93 1,92 1,92 2,20 33,3 3,31 3,03 29,0 29,0 29,0 - DPM Sr. Programme 20 Min 9,12 9,12 1,31 1, 1,12 19,2 1,22 1, 1,3 MRP 13,20 13,20 1,9 1,019 23,2 2,3 1, 1,93 19,1 1,92 1,92 1,3 2,91 3,31,012 2,111 2,93 2,930 - SEC Executive 11 Min,20,11,20 1,109 1, 20,9 11,2 11,9 12,03 MRP,01,2,01 1,003 20,00 20,9 1,91 1,93 1,11 11,2 11,2 13,1 20,9 23,32 2,331 19,0 19,0 19,

20 c. Base Salary, Fixed Allowances and Short-term Incentives Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - FIN Accounts Asst 13 Min,20,20 9,1 13,13 1,3 19,2 1,10 13,93 12,3 MRP,01,01 12, 1,91 1, 2,3 1,12 1,0 1,2 11,2 11,2 1,39 1,9 23, 32,10 21, 21,01 19, ADM Admin. 12 Min,20,20,1 11,92 13, 1,0 11,0 11,32 11,11 MRP,01,9 9,0 13,23 1,90 21,13 1,10 1,033 13, 11,2 11,2 1,19 19,9 2, 2,19 21,09 20,11 19, HR HR Services 12 Min,20,20 10,0 12,2 1,31 1, 12,9 12, 12,0 MRP,01,01 12,002 1,229 1,29 2, 1,1 1,1 1,23 11,2 11,2 1, 20,9 2,3 2, 20,3 20,2 19,3 9 - IT OTC 10 Min,20,20 9,2 10,9 12,299 19,2 11,01 11,02 11,21 MRP,01,01 9,3 11,92 13,92 2,3 13,10 13,22 13,0 11,2 11,2 1,9 19,21 2,3 32,10 21,001 20,919 20,391 - DPM Programme 20 Min,20,20 10,9 12, 1,09 1,2 10,0 10,92 12,22 MRP,01,01 11,3 1,09 1,390 20, 13,3 13,2 1, 11,2 11,2 1,13 1,2 23,22 2, 20,0 19,1 1,1 0 - LOG Warehouse 29 Min,20,20,21, 11,9 13,232 9,121 9,10 9,032 Manager MRP,01,2,2 10,00 13,3 21,132 12,901 12,10 12,3 11,2 11,2 12,33 13,2 1,2 2, 1,21 1,339 1, SEC Sr. Secretary Min,99,11,33,99,2 9,,11,193, MRP,332,,09,332 11,32 1,323,2,20 9,1 9,1 9,1 11,1 13,1 1,9 1,02 12,0 12,239 13, 3 - FIN Sr. Accounting 10 Min,99,332,390,9 9,2 1,939 9, 9,3, Clerk MRP,332,019,2 9,10 13,1 1,99 11,2 11,233 10,21 9,1 9,1 10,00 1,202 1,310 21,9 1,231 1,33 1, ADM Sr. Admin Clerk 9 Min,99,332,90, 10,22 12,,9,23,12 MRP,332,113,2 10,12 13,0 1,99 9,0 9, 10, 9,1 9,1 10,21 1,9 1,02 21,9 12,2 13,29 1, 31 1

21 c. Base Salary, Fixed Allowances and Short-term Incentives Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - HR HR Clerk Min,99,332,11,99,11 9,,02,0,19 MRP,332,11,9,332, 1,02,,,33 9,1 9,1 9,23 10,03 13,1 1,02 12,29 12,23 12,11 - DPM Sr. Programme 20 Min,99,99, 9, 12,093 13,9 11,21 10,039 9,1 Clerk MRP,332,332,2 13,9 1,19 1,99 11, 11,2 11,9 9,1 9,1 12,29 1,03 1,03 21,9 1,2 1, 1, 13 - LOG Warehouse 29 Min,99,332,99,11,32 12,,01,920,12 MRP,332,3,112,332 10,2 1,99 10,239 10,09 9,302 9,1 9,1 9,23 10,03 11,393 21,9 13,39 13,21 12, SEC Secretary Min,0,,1,0,11 11,12 9,21,12,1 MRP,3,3,9,3, 11,12 9,0 9,011,03,020,2,020,22 11,12 13,1 11,23 10,93 9, FIN Bookkeeper Min,0,0,09,2,13 13,,0,2, MRP,3,3,0, 10,2 13, 9,2 9,30,1,020,020 10,3 12, 13,312 13, 10,23 10,0 11, ADM Admin. Clerk Min,0,0,09,2, 11,12,9,09,9 MRP,3,11,90,9 10,01 11,12,2,03,22,020,020 10,3 11, 12,1 13,1 10,22 10,2 10, SEC Clerk-Typist Min 3, 3,030 3,,1, 11,12,9,99,91 MRP,2 3,09,0,,133 11,12,9,19,21,99,99,00 9,9 11, 12,13 10,1 9,0 9, ADM Sr. Driver 3 Min 3, 3,,,2,90,,3,2,3 MRP,2,2,90,10 9,02 13,21,3,39,23,99,99,3 11,3 12,13 13,21 10,390 10,39 10,1 2 - ADM Driver 2 Min 2, 2, 3,21,2,1,339,9,,0 MRP 3, 3,,0,10,21 9,33,9,02,90 3,9 3,9,2,10,902 10,9,332,09,

22 c. Base Salary, Fixed Allowances and Short-term Incentives Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 1 - ADM Cleaner 1001 Min 2, 1,19 2,210 2, 3,39, 3,090 2,99 2,1 MRP 2,9 1,30 2,1 2,9,20, 3, 3,10 3,39 3,9 1,30 2,992,2,,31,29,23, ADM Messenger 1 Min 2, 2, 3,02 3,01,1,19 3,2 3,3,03 MRP 2,9 2,9 3,3,0,991,90 3,92,12,19 3,9 3,9,,3,9 10,9,1,1,

23 d. Total Compensation (including in-kind benefits) Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 11 - GEN Manager / 19 Min 23,302 23,302 2,1 2,193 2,9,03 33,19 33,19 33,19 Authoritative MRP,11,11,11 9,29,901,03 0,931 0,931 0,931 Specialist,00 2,2,00,0,03,92,001,001, DPM Senior Programme 211 Min 23,302 23,302 2, 2,00 2,3 2,9 2,21 2,3 2,01 Officer MRP,11 2,21,11,11,3,101,39,1,9,00 2,2 3,,3,3,92,1,33, GEN Sr. Working Level 1 Min 23,302 12,0 23,1 2,3 32, 3,23 2,122 2,290 2,3 Professional MRP 3,0 13,23 3,13 39,313 3,0,29 3,1 3,1 3,1,00 21,32 2,012,2,02,91,0,9, FIN Sr. Accountant 0 Min 23,302 12,0 23,1 2,9 2,3,020 2,2 2,301 2,0 MRP 3,0 1, 31, 33,099 39,992,020 3, 3, 3,13,00 21,32 0,20,022,02,91,09,12, HR HR Specialist 0 Min 19, 23,3 2,3 2,3 31,1 2,0 2,0 2,0 MRP 29,2 33,23 3,31 3,139 0,1 3,1 3,1 3,1 1,09 1,91,,13 0,1,22,22, DPM Programme Officer 210 Min 23,302 19, 23,932 2,0 3,19 3,23 2,1 2,01 30,23 MRP 3,0 33,3 3,2 39,91 2,03,29 3,02 3,030 39,3,00 2,1 3,99, 0,,91,13,9 0, GEN Working Level 1 Min 1,1 9,29 19,02 22, 2,2 3,9 2,193 2, 22,9 Professional MRP 2,91 1,3 23,2 2,0 3,3,00 32,0 31, 29, 3,211 19,1 29, 3, 2,02,909 3, 3,0 3,2 9 - FIN Accountant 9 Min 1,1 9,29 1,3 19,0 23, 3,9 22,033 22,00 20,93 MRP 2,91 11,2 23,0 2,91 33,302,00 31,2 30,99 2,012 3,211 19,1 2,3 30,29 1,033,909 3, 3,9 3, ADM Admin Services 129 Min 19,0 20,2 22, 2,92 3,29 2,0 2,0 2,0 Officer MRP 22,2 2, 2,0 31,1 3,29 2,29 2,29 2,29 30,29 32,2 3,29 3, 2,02 3, 3, 3,

24 d. Total Compensation (including in-kind benefits) Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 9 - HR HR Services 9 Min 1,1 9,29 1,0 19,12 23,0 2,2 1,02 1,02 1,02 Analyst MRP 2,91 12,2 22, 2,0 31,, 2,92 2,92 2,92 3,211 19,1 32,0 39,119 2,9, 3,93 3,93 3, DPM Project Officer 209 Min 1,1 9,29 1,199 20,901 2,99 1,2 23,220 23,32 23,1 MRP 2,91 1,3 23,32 2,000 33,9,00 2,301 2,33 29,3 3,211 19,1 2,1 3,32 2,,909 33,90 3,33 3, LOG Logistics 299 Min 19,02 19, 22,01 2,1 3,9 23,12 23,21 23,10 Programme MRP 21,02 22,23 2,1 3,,00 30,03 29,99 29,01 Support Manager 2,02 29,9 3,11,9,909 3,13 3,31 3,0 - GEN Entry Level 1 Min 10,92 10,92 13, 1,322 22,2 33,3 2,3 2,3 19,2 Professional MRP 1,09 1, 1,09 23,93 2,1 33,3 29,3 2,111 23,9 2,22 19,02 2,22 33,3 3,9,020 32,11 32,3 31,2 - DPM Project 20 Min 10,92 10,92 13,1 1,301 2,3 3,29 12,903 1,39 20,0 Officer MRP 1,09 1,09 23,0 2,13 2,99 3,29 19,2 21,0 2,90 2,22 2,22 32,33 3,119 3,0,020 2,20 2,9 3,121 - FIN Sr. Accounts 1 Min 9, 9, 10,1 10,10 1,1 1,2 12,9 12,30 12,90 MRP 13, 13, 1,2 1,090 2,31 33,32 20, 21,103 21, 1,21 1,21 1, 1,090 2,213 3,33 23,09 23,209 23,21 - ADM Sr. Admin. 1 Min 9, 9, 12,2 1,11 1,9 19,10 1,32 1,32 1,32 MRP 13, 13, 20,9 2,0 2,09 3,33 2,1 2,1 2,1 1,21 1,21 2, 33, 3,93 3,9 29,2 29,2 29,2 - DPM Sr. Programme 20 Min 9, 9, 1,1 1, 1,20 19,10 1,0 1,01 1,13 MRP 13, 13, 1,2 1,33 23,9 2,12 1, 19,11 19,2 1,21 1,21 1,92 2,20 3,93,020 2,339 2,909 2,1 - SEC Executive 11 Min,9,3,9 1,13 1,9 20,0 11,0 11,22 12,2 MRP 9,0,2 9,0 1,29 20,00 20,0 1,13 1,11 1,30 12,1 12,1 13,2 20,0 23,2 2,0 19,29 19,299 19,

25 d. Total Compensation (including in-kind benefits) Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - FIN Accounts Asst 13 Min,9,92 9, 13,9 1, 19,10 1,2 1,1 12,0 MRP 9,0 9,0 12,9 1,2 1,13 2,3 1, 1,91 1,09 12,1 12,1 1,9 1,22 23,93 32, 22,11 21,3 19, ADM Admin. 12 Min,9,92,90 12,23 13,0 1,331 12,1 11,99 11,20 MRP 9,0,9 9,2 13,3 1,9 21,9 1,30 1,29 13,91 12,1 12,1 1, 20,21 2,02 2,1 21,33 20,9 19, HR HR Services 12 Min,9,9 10,30 12, 1,3 1,19 13,01 12,91 12,33 MRP 9,0 9,0 12,2 1,30 1, 2,0 1,11 1,20 1,9 12,1 12,1 1, 20,91 2,01 2,92 20,32 20,2 19,0 9 - IT OTC 10 Min,9,9 9,320 10,3 12,9 19,10 11,290 11,321 11,1 MRP 9,0 9,0 9,0 12,202 13,9 2,3 13,1 13,2 13,0 12,1 12,1 1,02 19,11 2,2 32, 21,20 21,1 20,2 - DPM Programme 20 Min,9,9 10,3 13,11 1,30 1,09 10,9 11,19 12, MRP 9,0 9,0 11,922 1,00 1,9 20,3 13,93 13,91 1,010 12,1 12,1 1,93 1,09 23,0 2,92 20,2 19,0 19, LOG Warehouse 29 Min,9,92,9,0 12,0 13,30 9,30 9,29 9,21 Manager MRP 9,0,33,9 10,3 1,022 21,20 13,0 12,993 12,1 12,1 12,1 12, 13,30 1,9 2,0 1,0 1,23 1, SEC Sr. Secretary Min,,3,01,,2 9,90,31,2,0 MRP,9,01,32,9 11,9 1,39,1,1 10,01 9,31 9,31 11,1 13,2 1,9 1, 12,29 12,0 13, 3 - FIN Sr. Accounting 10 Min,,29,2,293 9,1 1,21 10,0 9,3, Clerk MRP,9,11,12 9,0 13,03 1,2 11,2 11,3 10, 9,31 9,33 10,3 1,2 1,39 22,0 1,3 1,3 1, ADM Sr. Admin Clerk 9 Min,,29,032,92 10,3 13,11,10,3,33 MRP,9,210, 10,30 13,3 1,2 9,20 9, 10, 9,31 9,33 10,31 1,0 1,2 22,0 12,33 13,9 1,

26 d. Total Compensation (including in-kind benefits) Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s - HR HR Clerk Min,,29,3,,122 9,90,1,20,339 MRP,9,122,,9,932 1,,1,3, 9,31 9,33 9,31 10,10 13,2 1, 12,9 12,33 12,21 - DPM Sr. Programme 20 Min,,,02 9,90 12,32 1,2 11, 10,29 9,3 Clerk MRP,9,9, 1,2 1,3 1,2 12,1 11,2 12,10 9,31 9,31 12, 1,32 1,3 22,0 1,3 1,900 1, LOG Warehouse 29 Min,,29,,122 9,00 13,11,22,12,01 MRP,9,1,119,9 10,3 1,2 10, 10,2 9,91 9,31 9,33 9,31 10,10 11,01 22,0 13,12 13,2 12, SEC Secretary Min,9,2,29,9,3 12,12 9,9,,392 MRP,129,3,39,129,93 12,12 9,93 9,2,22,2,0,2,0 12,12 13,2 11,20 11,22 9,0 1 - FIN Bookkeeper Min,9,9,31,9,29 1,000,3,33, MRP,129,129,313,02 10, 1,000 9,21 9, 9,0,2,2 10, 12,3 13,9 1,000 10,19 10, 11, ADM Admin. Clerk Min,9,9,31,9,00 12,12,20,32,21 MRP,129,3,9,13 10,3 12,12,120,20,,2,2 10, 11,91 12, 13,2 10,0 10,1 11, SEC Clerk-Typist Min 3,932 3,12,032,022,9 12,12,,9,1 MRP,9 3,1,93,0,20 12,12 9,22,,99,,,22 10,12 11,9 12,3 10, 10,0 9, ADM Sr. Driver 3 Min 3,932 3,932,,3,92,121,0,020,3 MRP,9,9,92,1 9,293 13,29,2,2,1,,,3 11,29 12,3 13,29 10, 10,3 10, ADM Driver 2 Min 2,1 2,1 3,2,91,,1,01,9,90 MRP 3,11 3,11,92,31,9 9,1,13,23,10,2,2,22,3 9,19 10,2,,29,

27 d. Total Compensation (including in-kind benefits) Kenya: July 2010 Grade - Occ. Title Job Low 2 th 0 th th High Weighted Log-Weighted Mean Employers Matching s 1 - ADM Cleaner 1001 Min 2,1 1,2 2,30 2,1 3,0,900 3,32 3,231 3,101 MRP 3,01 1,0 2,9 3,01,,900 3,93 3,3 3,1,2 1,0 3,333,22,3,0,32,2, ADM Messenger 1 Min 2,1 2,1 3,22 3,9,393, 3, 3,,2 MRP 3,01 3,01 3,3,23,11,03,11,313,39,2,2,,02,00 10,2,90,99,31 2 2

28 . Summary of Benefit Practices a. Summary of Medical Benefits percentage of employers providing family medical benefits Levels of Contribution (as a percentage of annual premium/contribution) 100% 100% 90% 0% 0% 0% 0% 0% 0% 0% 90% 0% 9% 30% 20% 20% 10% 0% 10% Employee Only Employee + Immediate Family 0% Employee + Extended Family 0% Employer 2% Employee b. Summary of Employer Pension and Savings Plan Type of Retirement Plan Contribution to DC Plans (as percent of base salary) 10.0% 10.00% 10.00%.0%.0%.0% 9.2% 0.00% 2.0% Combined DB/DC Plan No Retirement Plan Contributory Defined Benefit Plan Non-Contributory Defined Benefit Plan Defined Contribution Plan 0.0% Employer 0.0% Employee 2

29 . Benefits by Employer Note 1: Sections are omitted if no employer in the group provide the category of benefits. Note 2: Blue text indicates in-kind benefits; green text indicates cash benefits; T=Taxable; NT=Non-Taxable a. Summary of allowances, incentives, and in-kind benefits Kenya: July 2010 First employers A E F H Workweek Bonus 0 Hours 0 Hours 3 Hours 0 Hours 0 Hours 13th Month: 1 months (T) -for All Recreation Team Building: 0 GBP/Yr (NT) -for All Leave Allowance: 0.2 months (T) -for All X-mas party: 3,39 KES/Yr (NT) -for All Food & Beverages Beverages: 21,312 KES/Yr (NT) -for All Beverages: 21,312 KES/Yr (NT) -for All Beverages:,000 KES/Yr (NT) -for All Beverages: 21,312 KES/Yr (NT) -for All Beverages: 21,312 KES/Yr (NT) -for All Transportation Vehicle Allowance: 1,20 KES/Yr (T) --for GEN-10, FIN-10, HR-10, DPM-10 (210), DPM-10 (210), GEN-10, FIN-10, DPM-11, GEN-11 Other Communication: 1,00-,00 KES (T) Other Loan 1 month; utilized by 1% staff; Renewable; 12% interest rate charged by employer -for All Employers to 10 L M P Q T Workweek 0 Hours 0 Hours 0 Hours 0 Hours 0 Hours Bonus End of Year Bonus: 130 USD/Yr (T) -for All 13th Month: 1 months (T) -for All X-mas Bonus: 0. months (T) -for All Gratuity Bonus: 1 months (T) -for All Seniority Bonus: 2 percent (T) --for ADM-1 (1001), SEC-3, ADM-2 (2) Leave Bonus: 0.2 months (T) -for All Seniority: 1. percent (T) --for ADM-, LOG-, FIN-, HR-, FIN- (13), LOG-, ADM- (12), LOG-, FIN-9, HR-9, DPM-9 (209), GEN-9, FIN-10, GEN-10, GEN-10 2

30 Employers to 10 L M P Q T Housing Housing All.: 1 percent (T) -for All Housing Subsidy:,00 KES/Yr (T) -for All Recreation End of Year Party: USD/Yr (NT) -for All End of Year Party: 2,0 KES/Yr (NT) -for All Leave All.: 0. months (T) -for All Leave All.:,00 KES/Yr (T) -for All X-mas party: 3, KES/Yr (NT) -for All End of Year Party: 2,12 KES/Yr (NT) -for All Food & Beverages Beverages:,99 KES/Yr (NT) -for All Beverages: 21,312 KES/Yr (NT) -for All Beverages: 21,312 KES/Yr (NT) -for All Beverages: 21,312 KES/Yr (NT) -for All Transportation Transp.All.: 33,00 KES/Yr (T) -for All 2

31 Note 1: Sections are omitted if no employer in the group provide the category of benefits. Note 2: Blue text indicates in-kind benefits; green text indicates cash benefits; T=Taxable; NT=Non-Taxable b. Summary of medical plans Kenya: July 2010 First employers A E F H MEDICAL PLANS Employer applies National Medical Plan Employer-Sponsored Plan Type of Plan Persons Covered Employer contributions Employee contributions On-site Clinic: Yes No Yes Yes Yes Private Insurance Private Insurance Self-insured Private Insurance Private Insurance Employee and Immediate Family Employee and Immediate Family Employee and Immediate Family Employee and Immediate Family Employee and Immediate Family 100 % of insurance premium / cost 100 % of insurance premium / cost 100 % of insurance premium / cost 0 % of insurance premium / cost 100 % of insurance premium / cost None 20 % of insurance premium \ cost No No No No No NOTES: annual insurance premium for single employee is,000 KES. total premium for married employee with 2 dependent children is 122,000 KES per year. Annual ceiling for procedures: 90, KES Inpatient cover staff, spouse and max of children subject to stipulated amounts ranging from 100,000 KES for member only to 300,000 KES for member with dependents. 300,000 KES = ceiling for chronic illness. For critical illness, the employer sets aside % of total payroll. For maternity, insurance covers 200,000 KES for delivery through C-section and 0,000 KES for normal delivery. Employers to 10 L M P Q T MEDICAL PLANS 29

32 Employers to 10 L M P Q T Employer applies National Medical Plan Employer-Sponsored Plan Type of Plan Persons Covered Employer contributions Employee contributions On-site Clinic: Yes Yes Yes Yes Yes Private Insurance Private Insurance Self-insured Private Insurance Private Insurance Employee only Employee and Immediate Family Employee and Immediate Family Employee and Immediate Family Employee and Immediate Family 100 % of insurance premium / cost 100 % of insurance premium / cost 100 % of insurance premium / cost 100 % of insurance premium / cost None No No No No No 100 % of insurance premium / cost NOTES: Ceiling for chronic ailment: 00,000 KES 00,000 KES/family is the annual cover for all medical procedures including dental care. Medical insurance is applicable to employee, spouse and all legal children. HIV/AIDS-related complications are covered up to a limit of 0,000 KES (included in the 1,00,000KES ceiling) for in-patient. Prescription medicines are covered within inpatient/outpatient scheme The total amount paid for the annual premium of a single employee is,2.13; for a married employee with dependents, 139,.3 KES. 30

33 Note 1: Sections are omitted if no employer in the group provide the category of benefits. Note 2: Blue text indicates in-kind benefits; green text indicates cash benefits; T=Taxable; NT=Non-Taxable c. Summary of retirement plans Kenya: July 2010 First employers A E F H RETIREMENT PLANS Employer applies the National Retirement scheme Employer-Sponsored Plan Private Retirement Plan Type of Plan Employer contributions Employee contributions Employer applies the National Provident Fund Employer sponsored Savings/Provident Fund DEATH AND OTHER BENEFITS National Death Benefits Scheme Employer-provided Death Benefits Yes Yes Yes Yes Yes Yes No Yes Yes Yes Defined Contribution None Defined Contribution Defined Contribution Defined Contribution 10 % of base salary 10 % of base salary 10-1 % of base salary. % of total gross income % of base salary % of base salary % of base salary % of total gross income No No No No No No No No No No No No No No No 3 months of base salary 9 months of base salary 300 percent of total gross income 31

34 First employers A E F H End of Service Gratuity Notes: KES 1 months of base salary Normal death benefit: 3 months base salary. Accidental death benefit: 1,00,000 KES. Normal Death Benefit: 3 months gross pensionable salary for staff w/o dependents;9 months salary gross pensionable salary for staff w/ dependents. For Accidental death, 9 months pay. End of service gratuity: 10% of gross monthly salary per year of service. Pension scheme contribution by the staff is voluntary. If the staff wishes to contribute, contribution can be at the minimum of % of base salary. Severance pay is 1 month base per yr of service. Group Personal accident cover for staff only = yrs base salary Employers to 10 L M P Q T RETIREMENT PLANS Employer applies the National Retirement scheme Employer-Sponsored Plan Private Retirement Plan Type of Plan Employer contributions Employee contributions Employer applies the National Provident Fund Employer sponsored Savings/Provident Fund Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Defined Contribution Defined Benefit Defined Contribution Defined Contribution Defined Contribution 12 % of base salary 10 % of base salary 9 % of base salary. % of base salary % of base salary None % of base salary 9 % of base salary % of base salary % of base salary No No No No No No No No No No 32

35 Employers to 10 L M P Q T DEATH AND OTHER BENEFITS National Death Benefits Scheme Employer-provided Death Benefits End of Service Gratuity No No No Yes No Accidental Death Benefit: years Death Benefit: Normal death - Notes: annual pay. 100,000 KES; Accidental death - 3 times base annual salary KES 2 months of base salary 2 months of base salary 1 months of base salary 1 months of base salary Accidental death benefit is equal to yrs basic salary. Amount of end of service gratuity is 1 month basic salary per YOS. Life insurance coverage is shouldered solely by the employer. Accidental death benefit is yrs gross salary. Life insurance is administered from HQ equivalent to 2 yrs gross salary. Severance benefit: 0. month salary per YOS. 33

36 Note 1: Sections are omitted if no employer in the group provide the category of benefits. Note 2: Blue text indicates in-kind benefits; green text indicates cash benefits; T=Taxable; NT=Non-Taxable d. Summary of family benefits Kenya: July 2010 First employers A E F H FAMILY BENEFITS Employers to 10 L M P Q T FAMILY BENEFITS Employer-provided Funeral Grants Spouse: KES Children: KES per child Employee: 0000 KES Spouse: 0000 KES Children: 0000 KES per child Other Funeral grant covers up to max children. 3

37 Note 1: Sections are omitted if no employer in the group provide the category of benefits. Note 2: Blue text indicates in-kind benefits; green text indicates cash benefits; T=Taxable; NT=Non-Taxable e. Summary of leave benefits Kenya: July 2010 First employers A E F H LEAVE PROVISIONS Application of Labour Code Provisions Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below Annual Leave 22 working days Minimum: 22 working days imum: 2 working days Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below Sick Leave with full pay Sick Leave with partial pay 30 working days 10 working days working days 1 working days Maternity Leave 0 working days 13 working days Minimum: 130 working days imum: 130 working days Paternity Leave working days 10 working days 1 working days Family-Related Leave Bereavement Leave Other: Notes: Employers to 10 Minimum: working days imum: 1 working days 1 working days 10 working days 10 working days working days 10 working days Study Leave Marriage: 3 days; Emergency Leave: 3 days; Adoptive leave (to adopt a child): 1 weeks; Exam Leave: 10days. L M P Q T LEAVE PROVISIONS 3

38 Employers to 10 L M P Q T Application of Labour Code Provisions Annual Leave Sick Leave with full pay Sick Leave with partial pay Maternity Leave Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below Employer applies minimum labour code provisions except as noted below 2 working days 2 working days 2 working days 2 working days 2 working days 30 working days 30 working days 0 working days 12 working days 30 working days 90 working days 0 working days 120 working days Minimum: 90 working days imum: 100 working days 0 working days Paternity Leave 10 working days 1 working days 10 working days Family-Related Leave Bereavement Leave working days working days working days 10 working days working days working days Other: Notes: 10 working days Study Leave 10 working days Training Leave 10 days 3

39 . Tax Summary TAX CODE Tax Code Effective Date: 01 Jan, 2010, All values expressed in KES From To 0 133,1 Tax % Bracket Tax Cumulative Tax 133,1 23, ,9. 1,9. 23,0 31, ,92.0 3,2.1 31,92, ,2.00,200.1,0 or more Comments: First tax bracket of 133,1 at 0% stated in this survey has been created to account for applicable Tax Relief of 13,9 KES. Calculated as a 12,19 KES tax rebate on the first actual tax bracket (up to 121,9 at 10% tax) plus 1, KES remaining rebate portion which accounts for addtional 11, KES to be taxed at 0% (1, KES/1% as per actual second tax bracket). Therefore first bracket is 121,9 + 11, = 133,1 at 0% tax. TAX CODE 2 NOT APPLICABLE TAX EXEMPTION NOT APPLICABLE TAX DEDUCTIONS Tax Deductions: A tax deduction of % of the total gross income has been applied in accordance with the Taxcode. Flat Taxes Amount: Tax Rebates: Comments: NOT APPLICABLE NOT APPLICABLE Deduction represents employee contribution to registered pension fund and is the lesser of: a) individual annual contribution; b) 30% of pensionable income; and 20,000 KES. FAMILY RELATED TAX DEDUCTIONS NOT APPLICABLE 3

40 9. Social Security/Labour Code Summary A. SOCIAL SECURITY PROVISIONS: 1. National Retirement Scheme. Name: Social Security System Social Security System is a defined contribution which is calculated on total gross income. The employer contribution to the Social Security System is percent of the employee's total gross income. The employee contributes percent of his/her total gross income. Early retirement can be taken from 0 years by both men and women. The standard retirement age is 0 years for both men and women. The retirement benefit can be taken as a combination of lump sum and annuity payments. Comments: Benefits covered by the funds are Withdrawal benefit, age benefit, invalidity benefit, survivor benefit and emigration grant benefit. Each of the benefits = total sum standing to the credit of member account. 2. Mandatory Private Savings Plan/Provident Fund. Name: NOT APPLICABLE 3. Employee Death Benefit/Life Insurance. Name: NSSF An Employee Death Benefit (NSSF) of 0 month(s) of base salary is provided through the National Insurance Scheme. The estimated cash value of funeral assistance is 200KES. Comments: Survivor benefit paid to dependents of the deceased. In the absence of fully dependent survivors, reduced benefit is paid to survivors who were partially dependent. Min benefit is 3,000 KES; at 20,000KES.. National Medical Insurance Scheme. Name: Comments: Kenya has an employer-liability system concerning work injury, typically involving insurance with a private carrier. The total cost is met by the employer through the direct provision of benefits or insurance premiums.. Other Social Security Provisions. Name: NOT APPLICABLE B. FAMILY ALLOWANCES: 1. Child Allowance. Name: NOT APPLICABLE 2. Child Education Assistance. Name: NOT APPLICABLE 3. Pre natal/birth Allowances. Name: NOT APPLICABLE. Dependent Spouse Allowances. Name: NOT APPLICABLE 3

First and current law: 1965 (social security fund), with amendments.

First and current law: 1965 (social security fund), with amendments. Page 1 of 6 Social Security Programs Throughout the World: Africa, 2009 You are here: Social Security Online > Research, Statistics, & Policy Analysis > Program Descriptions > Social Security Programs

More information

Social Security System in Thailand Policy and Planning Division Social Security Office

Social Security System in Thailand Policy and Planning Division Social Security Office Social Security System in Thailand Policy and Planning Division Social Security Office Outline Social Security Scheme in Thailand: Introduction and Historical Background Administration of the SSO Social

More information

60M/55F subject to a minimum participation of 1 year.

60M/55F subject to a minimum participation of 1 year. Prepared by TransGlobe Life. I SUMMARY Social Security Eligibility Retirement Age Contributions Retirement Labour Insurance Programme (LI) applies to companies with 5 or more staff above age 15 and under

More information

BASIC PROVISIONS OF GREEK LABOUR LAW

BASIC PROVISIONS OF GREEK LABOUR LAW BASIC PROVISIONS OF GREEK LABOUR LAW The purpose of this text is to provide the reader with direct and brief awareness on the basic provisions of the Law. As a result it is mentioned that this text can

More information

Summary of Social Security and Private Employee Benefits URUGUAY

Summary of Social Security and Private Employee Benefits URUGUAY Private Employee Benefits URUGUAY 2012 Your Local Link to IGP in URUGUAY: Network Partner Mapfre Uruguay Compañía de Seguros S.A. was established in 1995 and is the fourth largest insurance company in

More information

Australia. Old Age, Disability, and Survivors. Australia. Exchange rate: US$1.00 equals 1.32 Australian dollars (A$). Qualifying Conditions

Australia. Old Age, Disability, and Survivors. Australia. Exchange rate: US$1.00 equals 1.32 Australian dollars (A$). Qualifying Conditions Australia Exchange rate: US$1.00 equals 1.32 Australian dollars (A$). Old Age, Disability, and Survivors First laws: 1908 (old-age and disability) and 1942 (widows). Current laws: 1991 (social security),

More information

Benefit Uprating (Weekly rates unless otherwise shown) Rates - 2006 Rates - 2007 Attendance Allowance higher rate 62.25 64.50 lower rate 41.65 43.

Benefit Uprating (Weekly rates unless otherwise shown) Rates - 2006 Rates - 2007 Attendance Allowance higher rate 62.25 64.50 lower rate 41.65 43. Benefit Uprating (Weekly rates unless otherwise shown) Rates - 2006 Rates - 2007 Attendance Allowance higher rate 62.25 64.50 lower rate 41.65 43.15 Carer's Allowance 46.95 48.65 Council Tax Benefit Personal

More information

IBN Glossary - Benefit Definitions. Accidental Death and Dismemberment

IBN Glossary - Benefit Definitions. Accidental Death and Dismemberment IBN Glossary - Benefit Definitions Accidental Death and Dismemberment Actuary - (Pension) Added Years Additional Voluntary Contributions (AVC) AVCs in house AVCs - FSAVCs AD&D provides coverage for death

More information

Summary of Benefits. VidantHealth.com VIDANT HOME HEALTH & HOSPICE VIDANT WELLNESS

Summary of Benefits. VidantHealth.com VIDANT HOME HEALTH & HOSPICE VIDANT WELLNESS Summary of Benefits VidantHealth.com VIDANT HOME HEALTH & HOSPICE VIDANT WELLNESS Summary of Benefits This brochure is a brief summary of current benefits. It contains information about who is eligible,

More information

2010 Benefits Overview Registered Nurse Benefits Summary www.montefiore.org/whoweare/nursingstaff

2010 Benefits Overview Registered Nurse Benefits Summary www.montefiore.org/whoweare/nursingstaff Montefiore Excellence in Benefits 2010 Benefits Overview Registered Nurse Benefits Summary www.montefiore.org/whoweare/nursingstaff HR Recruitment & Staffing 3411 Wayne Ave. Bronx, NY 10467 Attn: Jackie

More information

United Kingdom. Old Age, Disability, and Survivors. United Kingdom. Exchange rate: US$1.00 = 0.64 pounds ( ). Qualifying Conditions

United Kingdom. Old Age, Disability, and Survivors. United Kingdom. Exchange rate: US$1.00 = 0.64 pounds ( ). Qualifying Conditions United Kingdom Exchange rate: US$1.00 = 0.64 pounds ( ). Old Age, Disability, and Survivors First laws: 1908 (old-age pension), 1911 (disability insurance), and 1925 (old-age and survivors insurance).

More information

All persons gainfully employed under age 60. Self-employed are covered also.

All persons gainfully employed under age 60. Self-employed are covered also. Prepared by First Life Financial Company. I SUMMARY Social Security Eligibility Retirement Contributions All persons gainfully employed under age 60. Self-employed are covered also. 60M/F To Social Security:

More information

Employee: 9.75 % of gross monthly salary Employer: 12.25% of gross monthly salary depending on type of industry No salary ceiling.

Employee: 9.75 % of gross monthly salary Employer: 12.25% of gross monthly salary depending on type of industry No salary ceiling. Prepared by Mapfre Panama. I SUMMARY Social Security Eligibility Retirement Age Contributions Retirement Disability All private and public employees. 62M/57F Employee: 9.75 % of gross monthly salary Employer:

More information

Instructions for Completing Pay Equity Implementation Report. November 2015

Instructions for Completing Pay Equity Implementation Report. November 2015 Instructions for Completing Pay Equity Implementation Report November 2015 Pay Equity Office Minnesota Management & Budget 400 Centennial Office Building 658 Cedar Street St. Paul, MN 55155 www.mn.gov/mmb

More information

Proposed benefit and pension rates 2014 to 2015

Proposed benefit and pension rates 2014 to 2015 RATES RATES (Weekly rates unless otherwise shown) 2013 2014 ATTENDANCE ALLOWANCE higher rate 79.15 81.30 lower rate 53.00 54.45 BEREAVEMENT BENEFIT Bereavement payment (lump sum) 2000.00 2000.00 Widowed

More information

Summary of Social Security and Private Employee Benefits HUNGARY

Summary of Social Security and Private Employee Benefits HUNGARY Private Employee Benefits HUNGARY 2014 Your Local Link to IGP in Hungary: AEGON Hungary Composite Insurance Company AEGON Hungary Composite Insurance Company was Hungary s sole insurance company until

More information

IOPS Member country or territory pension system profile: TRINIDAD AND TOBAGO. Update as of 15 February 2013

IOPS Member country or territory pension system profile: TRINIDAD AND TOBAGO. Update as of 15 February 2013 IOPS Member country or territory pension system profile: TRINIDAD AND TOBAGO Report 1 issued on September 2011, validated by the Central Bank of Trinidad and Tobago Update as of 15 February 2013 1 This

More information

Pension Plans. Employer Type of Plan Eligibility Vesting Schedule Normal Form of Benefit Definition of Pay Employee Contribution

Pension Plans. Employer Type of Plan Eligibility Vesting Schedule Normal Form of Benefit Definition of Pay Employee Contribution Benefit Plan Provisions Pension Plans Employer Type of Plan Eligibility Vesting Schedule Normal Form of Benefit Definition of Pay Employee Contribution Lockheed Martin Traditional defined Any age and any

More information

An explanation of social assistance, pension schemes, insurance schemes and similar concepts

An explanation of social assistance, pension schemes, insurance schemes and similar concepts From: OECD Framework for Statistics on the Distribution of Household Income, Consumption and Wealth Access the complete publication at: http://dx.doi.org/10.1787/9789264194830-en An explanation of social

More information

Colombia. Old Age, Disability, and Survivors. Regulatory Framework. Qualifying Conditions. Coverage. Source of Funds. Colombia

Colombia. Old Age, Disability, and Survivors. Regulatory Framework. Qualifying Conditions. Coverage. Source of Funds. Colombia Colombia Exchange rate: US$1.00 equals 2,338.14 pesos. Old Age, Disability, and Survivors First law: 1946, implemented in 1965. Current law: 1993 (social insurance), implemented in 1994, with 2003 amendments.

More information

Summary of Social Security and Private Employee Benefits MALAYSIA

Summary of Social Security and Private Employee Benefits MALAYSIA Private Employee Benefits MALAYSIA 2013 Your Local Link to IGP in MALAYSIA: AIA Bhd. AIA Bhd. is a leading insurer in Malaysia, where it has been doing business since 1948. It offers a suite of high-quality

More information

Introduction... Distinctive Features of the Benefits Environment... Key Changes in Recent Years...

Introduction... Distinctive Features of the Benefits Environment... Key Changes in Recent Years... Table of Contents Introduction... Distinctive Features of the Benefits Environment... Key Changes in Recent Years... 2 3 4 Statutory/Mandatory Programs... 5... 5 Retirement Benefits... 6 Death Benefits...

More information

A Guide to Staff Benefits Locally recruited Staff

A Guide to Staff Benefits Locally recruited Staff A Guide to Staff Benefits Locally recruited Staff Policy and Compensation Section (HRM/POL) Bureau of Human Resources Management Printed March 2013 2 Page Introduction The United Nations and its Specialized

More information

Social Security Programs Throughout the World: The Americas, 2007

Social Security Programs Throughout the World: The Americas, 2007 Social Security Programs Throughout the World: The Americas, 2007 Social Security Administration Office of Retirement and Disability Policy Office of Research, Evaluation, and Statistics 500 E Street,

More information

Title: The Department for Work and Pensions - Social Security Benefit Up-rating

Title: The Department for Work and Pensions - Social Security Benefit Up-rating Title: The Department for Work and Pensions - Social Security Benefit Up-rating The Minister for Pensions (Steve Webb): I am pleased to announce the proposed rates of benefit for 2011, which are set out

More information

5. Defined Benefit and Defined Contribution Plans: Understanding the Differences

5. Defined Benefit and Defined Contribution Plans: Understanding the Differences 5. Defined Benefit and Defined Contribution Plans: Understanding the Differences Introduction Both defined benefit and defined contribution pension plans offer various advantages to employers and employees.

More information

2012 Benefits Overview

2012 Benefits Overview Human Resources Benefits Office For Your Benefit 2012 Benefits Overview Registered Nurse Benefits Summary www.montefiore.org/whoweare/nursingstaff HR Recruitment & Staffing 3411 Wayne Ave Bronx, NY 10467

More information

Schedule of proposed benefit rates from April 2013

Schedule of proposed benefit rates from April 2013 Schedule of proposed benefit rates from April 2013 RATES RATES (Weekly rates unless otherwise shown) 2012 2013 ATTENDANCE ALLOWANCE higher rate 77.45 79.15 lower rate 51.85 53.00 BEREAVEMENT BENEFIT Bereavement

More information

Educator Benefits Solutions

Educator Benefits Solutions Educator Benefits Solutions Your employees deserve an affordable choice when it comes to income protection Educator Benefits Solutions provides three different coverage options to choose from and make

More information

City of West University Place Summary of Employee Benefits

City of West University Place Summary of Employee Benefits of West University Place Summary of Benefits Regular Status: If you successfully complete the provisional period you may become a regular full time employee. Work Week: 40 hour work week (fire personnel

More information

The Unemployment Insurance System of Myanmar. 20-11-2012 Manila,

The Unemployment Insurance System of Myanmar. 20-11-2012 Manila, The Unemployment Insurance System of Myanmar 20-11-2012 Manila, Labour Statistics, 2011 Population over 60.38 million. 10% of labour force working abroad working age population about 37.44 million working

More information

2013 Management Compensation Report for Not-for-Profit Organizations

2013 Management Compensation Report for Not-for-Profit Organizations 2013 Management Compensation Report for Not-for-Profit Organizations CONDUCTED BY: PRM CONSULTING GROUP SEPTEMBER 2013 1814 13TH STREET, NW WASHINGTON, DC 20009 (202) 745-3700 WWW.PRMCONSULTING.COM People

More information

The Business Planning Group Inc. Retirement Planning Guide 2015 Edition

The Business Planning Group Inc. Retirement Planning Guide 2015 Edition 2015 Edition Table of Contents Why you should help your clients set up a Qualified Retirement Plan 3 Overview of Qualified Plans 4 Chart of Qualified Retirement Plan Options 5 Individual Retirement Account

More information

AURA/Gemini Observatory- Northern Operations Center 2013 Employee Benefit Program Summary

AURA/Gemini Observatory- Northern Operations Center 2013 Employee Benefit Program Summary AURA/Gemini Observatory- Northern Operations Center 2013 Employee Benefit Program Summary Table of Contents Medical Insurance 3, 4 Roth Annuity 403(b) 8 Dental Insurance 4 Tuition Assistance 8 Flexible

More information

Summary of Social Security and Private Employee Benefits MEXICO

Summary of Social Security and Private Employee Benefits MEXICO Private Employee Benefits MEXICO 2013 Your Local Link to IGP in MEXICO: Seguros Monterrey New York Life, S.A. Seguros Monterrey, S.A., founded in 1940, is one of the leading life and health insurance companies

More information

TRANSDEV LUAS SALARY SCALES

TRANSDEV LUAS SALARY SCALES TRANSDEV LUAS SALARY SCALES RPO RPS Driver TS's Induction A (26 weeks) 28,690 31,180 32,311 40,593 Induction B (26 weeks) 30,283 32,912 34,106 41,427 Year 1 31,877 34,644 35,901 42,048 Year 2 32,834 35,663

More information

WORKPLACE INJURY INSURANCE: Worker s Handbook

WORKPLACE INJURY INSURANCE: Worker s Handbook WORKPLACE INJURY INSURANCE: Worker s Handbook A GUIDE TO YOUR WORKERS COMPENSATION INSURANCE The following information is provided as a basic guide to your Workers Compensation Insurance. For more complete

More information

Social assistance: 2% of covered payroll. Government. Social insurance: None; contributes as an employer. Social assistance: Any deficit.

Social assistance: 2% of covered payroll. Government. Social insurance: None; contributes as an employer. Social assistance: Any deficit. Barbados Exchange rate: US$1.00 = 2.02 Barbadian dollars (B$). Old Age, Disability, and Survivors First law: 1937 (social assistance). Current law: 1966 (social insurance). Type of program: Social insurance

More information

Florida Child Support Worksheet and Guidelines

Florida Child Support Worksheet and Guidelines Florida Child Support Worksheet and Guidelines Florida Statute (s. 61.30, F.S.) requires guidelines to be used in establishing new child support obligations or modifying child support in a Florida court.

More information

Joy Doyle, Career Development Personal Finance Series 301, 2/25/14

Joy Doyle, Career Development Personal Finance Series 301, 2/25/14 Joy Doyle, Career Development Personal Finance Series 301, 2/25/14 Bring on the Benefits what to know about your offer Soft Offer Initial offering of the job Hard offer Email and/or letter that reiterates

More information

CNIC. NAF BENEFITS Retirement Guide. Information on your: Retirement Plan Post Retirement Medical Post Retirement Life Insurance

CNIC. NAF BENEFITS Retirement Guide. Information on your: Retirement Plan Post Retirement Medical Post Retirement Life Insurance CNIC NAF BENEFITS Retirement Guide Information on your: Retirement Plan Post Retirement Medical Post Retirement Life Insurance Effective October, 2013 Retirement Guide Table of Contents Title Page Introduction...3

More information

China. Old Age, Disability, and Survivors. China. Exchange rate: US$1.00 = 6.78 yuan. Regulatory Framework. Coverage. Qualifying Conditions

China. Old Age, Disability, and Survivors. China. Exchange rate: US$1.00 = 6.78 yuan. Regulatory Framework. Coverage. Qualifying Conditions China Exchange rate: US$1.00 = 6.78 yuan. Old Age, Disability, and Survivors First law: 1951. Current laws: 1953 (regulations); 1978, 1995, 1997, 1999, and 2005 (directives); and 2009 (guideline on rural

More information

Japanese Social Insurance. (As of November 30, 2011)

Japanese Social Insurance. (As of November 30, 2011) Japanese Social Insurance (As of November 30, 2011) Japanese Social Insurance (2011) 1 Contents Page Japanese Social Insurance Programs 2 1. Employees Health Insurance 3 2. Nursing Care Insurance 5 3.

More information

S e c t i o n 4 - P S E R S P o s t e m p l o y m e n t H e a l t h c a r e P r o g r a m s

S e c t i o n 4 - P S E R S P o s t e m p l o y m e n t H e a l t h c a r e P r o g r a m s S e c t i o n 4 - P S E R S P o s t e m p l o y m e n t H e a l t h c a r e P r o g r a m s Health Options Program... Tab 17 Premium Assistance Program... Tab 18 This page intentionally left blank Pursuant

More information

Medical & Dental Coverage

Medical & Dental Coverage Hawthorne Residential Partners offers Medical, Dental, Vision, Life Insurance, Short & Long Term Disability, Dependent Care Flexible Spending Accounts and Voluntary Life Insurance through our company s

More information

2014 Benefits and Retention Practices Report 1 st Tier Cities

2014 Benefits and Retention Practices Report 1 st Tier Cities Consulting 2014 Benefits and Retention Practices Report 1 st Tier Cities Mainland China Nov. 2014 About This Report Aon Hewitt has tracked employer sponsored benefits in China for more than a decade. As

More information

Faculty Phased Retirement Program (PRP) Benefits Chart

Faculty Phased Retirement Program (PRP) Benefits Chart Faculty Phased (PRP) Benefits Chart Retirement Incentive Payment Healthcare Program CIGNA Medical* CIGNA Dental *Pharmacy and Vision Benefits are Included Out Retirement of up to one year s pay based on

More information

Florida State University Summary of Benefits. Benefit Description Cost Effective Date Eligibility Enrollment

Florida State University Summary of Benefits. Benefit Description Cost Effective Date Eligibility Enrollment Sick Leave Accrued paid time off for illness, injury, or appointments with health care providers for the employee or the employee's immediate family member. Each pay period the employee accrues 4 hours.

More information

Union College 457(b) Deferred Compensation Plan

Union College 457(b) Deferred Compensation Plan 457(b) Deferred Compensation Plan Plan Description is pleased to offer the 457(b) Deferred Compensation Plan (the "457(b) Plan") which was amended and restated as of January 1, 2016. The 457(b) Plan is

More information

SOCIAL SECURITY BENEFIT RATES. Common rules capital limits. Common rules deductions

SOCIAL SECURITY BENEFIT RATES. Common rules capital limits. Common rules deductions SOCIAL SECURITY BENEFIT RATES APRIL 2016 (All weekly rates unless otherwise stated) T = taxable benefits M = means tested, i.e. the level of income/capital will determine benefits. Common rules capital

More information

Short-Term Disability Insurance

Short-Term Disability Insurance Short-Term Disability Insurance Developed for the Employees of State of Tennessee, County of Shelby, Shelby County Government Protecting Your Family Securing Your Future As long as you've got your health.

More information

Employees. Table of Contents

Employees. Table of Contents Table of Contents 1. Introduction 2 2. Recruitment 2 3. Pay and Leave Administration 5 3.1 Pay Administration 5 3.2 Leave Administration 7 4. Benefits 10 5. Employee Assistance Program 12 6. Conflict Resolution

More information

New Employer Group Enrollment Information

New Employer Group Enrollment Information DEFINED BENEFIT HYRBRID RETIREMENT PLAN NDPERS is a Defined Benefit Hybrid Retirement plan that pays vested members a retirement benefit, which is generally based on compensation, benefit multiplier, and

More information

Compensation Survey Questionnaire. SOURCE: hrvillage.com

Compensation Survey Questionnaire. SOURCE: hrvillage.com Compensation Survey Questionnaire Data Submission Form Instructions Thank you for participating in our compensation survey. The enclosed survey is being sponsored by ABC Company. All results will be kept

More information

Pay and Benefit Comparison Aircraft Maintenance Technicians (AMTs)

Pay and Benefit Comparison Aircraft Maintenance Technicians (AMTs) PAY is committed to reaching industry standard pay by the end of 2010, and continues to provide pay increases at regular intervals to reach this commitment. Next increase will occur on 1/1/09 of 4% to

More information

THE ROLE OF NSSF IN THE WELFARE AND DEVELOPMENT OF THE KENYAN SOCIETY

THE ROLE OF NSSF IN THE WELFARE AND DEVELOPMENT OF THE KENYAN SOCIETY THE ROLE OF NSSF IN THE WELFARE AND DEVELOPMENT OF THE KENYAN SOCIETY Said Chitembwe National Social Security Fund, Kenya Paper Presented at the Mijadala on Social Policy, Governance and Development in

More information

Thrift Savings Plan. Plan Overview. Investment Options. Contribution Limits. Withdrawal Options

Thrift Savings Plan. Plan Overview. Investment Options. Contribution Limits. Withdrawal Options Plan Overview Investment Options Contribution Limits Withdrawal Options (TSP) Contents Investment Options... Life Cycle Funds... TSP Contributions - Tax Treatment... Agency Contributions... Over 50 Catch-up

More information

2016 Tax Planning & Reference Guide

2016 Tax Planning & Reference Guide 2016 Tax Planning & Reference Guide The 2016 Tax Planning & Reference Guide is designed as a reference and is not intended to function as tax advice. Please consult your professional accounting advisor

More information

Survivor and death benefits

Survivor and death benefits Survivor and death benefits January 2011 The Teachers Pension Scheme (TPS) provides important benefits which may be paid to your beneficiaries after your death. within 2 years of TP becoming aware of the

More information

United of Omaha Life Insurance Company A Mutual of Omaha Company. voluntary term life insurance. work. for you UGC8914_0409

United of Omaha Life Insurance Company A Mutual of Omaha Company. voluntary term life insurance. work. for you UGC8914_0409 United of Omaha Life Insurance Company A Mutual of Omaha Company voluntary term life insurance Benefits work that for you UGC8914_0409 Eligibility All full-time employees, who are citizens or permanent

More information

DEMOGRAPHICS AND MACROECONOMICS

DEMOGRAPHICS AND MACROECONOMICS 1 IRELAND DEMOGRAPHICS AND MACROECONOMICS Nominal GDP (EUR bn) 181 815 GDP per capita (USD) 59 944 Population (000s) 4 422 Labour force (000s) 2 224 Employment rate 94.82 Population over 65 (%) 10.9 Dependency

More information

Your guide to the Universities Superannuation Scheme

Your guide to the Universities Superannuation Scheme Your guide to the Universities Superannuation Scheme February 2016 02 Contents The document contains the following sections: Contents 02 About this guide 03 Your USS at a glance 04 Joining the scheme 05

More information

Denmark. Qualifying conditions. Benefit calculation. Basic. Targeted. Key indicators. Denmark: Pension system in 2012

Denmark. Qualifying conditions. Benefit calculation. Basic. Targeted. Key indicators. Denmark: Pension system in 2012 Denmark Denmark: Pension system in 212 There is a public basic scheme. A means-tested supplementary pension benefit is paid to the financially most disadvantaged pensioners. There is also a scheme based

More information

IEEE BENEFITS SUMMARY

IEEE BENEFITS SUMMARY IEEE BENEFITS SUMMARY January 2009 DEFINED CONTRIBUTION RETIREMENT PLAN ELIGIBILITY All regular full-time and part-time employees are eligible on their date of hire. CONTRIBUTIONS All contributions are

More information

Benefits Handbook Date July 1, 2010. Spouse Life Insurance Plan MMC

Benefits Handbook Date July 1, 2010. Spouse Life Insurance Plan MMC Date July 1, 2010 MMC This plan is an employee-paid group term life insurance plan that helps you provide for your family s financial security. The Plan pays money to you if your covered spouse or approved

More information

The Water and Power Employees Retirement Disability and Death Benefit Insurance Plan

The Water and Power Employees Retirement Disability and Death Benefit Insurance Plan The Water and Power Employees Retirement Disability and Death Benefit Insurance Plan Review of the Death Benefit Fund as of July 1, 2014 Family Death Benefit Allowance Fund Supplemental Family Death Benefit

More information

Short Term Disability: Exempt Employees

Short Term Disability: Exempt Employees Short Term Disability: Exempt Employees Eligibility Minimum Hourly Requirement Waiting Period for Benefits Elimination period Benefit Percentage Maximum Duration Definition of Earnings Successive Periods

More information

Work Injury: Benefits, 2010

Work Injury: Benefits, 2010 Austria Belgium Temporary disability The insured receives the cash sickness benefit until a decision on permanent disability is made. The employer pays 100% of earnings for up to 12 weeks (plus additional

More information

Benefits Summary for UAB Hospital Management LLC Employees www.uab.edu/benefits

Benefits Summary for UAB Hospital Management LLC Employees www.uab.edu/benefits Benefits Summary for UAB Hospital Management LLC www.uab.edu/benefits HUMAN RESOURCE MANAGEMENT Health Care, Dental, and Vision Plans For new employees, coverage under UAB s group health care, dental,

More information

The Primary Representative for Indiana Manufacturers before the Indiana General Assembly

The Primary Representative for Indiana Manufacturers before the Indiana General Assembly The Primary Representative for Indiana Manufacturers before the Indiana General Assembly All IMA Sponsored Insurance Products Distributed via Indiana Independent Agents 120 year old Mutual Company Financially

More information

Short Term Disability: Exempt Employees

Short Term Disability: Exempt Employees Short Term Disability: Exempt Employees Eligibility Minimum Hourly Requirement Waiting Period for Benefits Elimination period Benefit Percentage Maximum Duration Definition of Earnings Successive Periods

More information

Insurance in your super

Insurance in your super Insurance in your super Fact sheet Information in this fact sheet is current as at 1 July 2015 Contents Overview 1 What is Life cover? 5 How your Life cover works 6 When is your insured benefit payable?

More information

MBA Workshop 2006. Myra Warren. Las Vegas, Nevada August 14-18, 2006. Presented by. Director of Life Insurance. Mutual Benefit Association

MBA Workshop 2006. Myra Warren. Las Vegas, Nevada August 14-18, 2006. Presented by. Director of Life Insurance. Mutual Benefit Association MBA Workshop 2006 Las Vegas, Nevada August 14-18, 2006 Presented by Myra Warren Director of Life Insurance Mutual Benefit Association A MESSAGE FROM THE DIRECTOR President Young, the Board of Trustees

More information

Thrift Savings Plan (TSP)

Thrift Savings Plan (TSP) (TSP) TSP Contributions Catch-up Contributions Outstanding Loans Withdrawal Options TSP Publications Spouses Rights 2006, J.P.McGehrin & Associates, Inc.. All rights reserved. No part of this publication

More information

Policyholder: Lenoir-Rhyne University Long-Term Disability (LTD) Coverage. Effective Date: 1/1/2014. Your Benefits at a Glance

Policyholder: Lenoir-Rhyne University Long-Term Disability (LTD) Coverage. Effective Date: 1/1/2014. Your Benefits at a Glance Policyholder: Lenoir-Rhyne University Long-Term Disability (LTD) Coverage Effective Date: 1/1/2014 This is a summary of your long-term disability coverage from Principal Life Insurance Company. Long-term

More information

New York Medical College Policy and Procedure Manual

New York Medical College Policy and Procedure Manual Section: HUMAN RESOURCES Date: May 23, 2008 Subject: LIFE INSURANCE Page 1 of 9 I. Purpose New York Medical College Policy and Procedure Manual Supercedes: 7/20/93 To establish an employee benefit plan

More information

School District No. 43 (Coquitlam) Public Sector Executive Compensation Reporting Guidelines

School District No. 43 (Coquitlam) Public Sector Executive Compensation Reporting Guidelines School District No. 43 (Coquitlam) Public Sector Executive Compensation Reporting Guidelines The Board of Education encourages and adopts practices that enable the district to attract, retain, incent,

More information

Income Protection Benefits

Income Protection Benefits Income Protection Benefits McAllen Independent School District Information About You Name: Social Security Number / Employee ID Number: Coverage Effective Date: Date of Birth: Date of Hire: Annual Salary:

More information

Personal Income Tax Bulletin 2008-1. IRAs

Personal Income Tax Bulletin 2008-1. IRAs PENNSYLVANIA DEPARTMENT OF REVENUE ISSUED: JANUARY 16, 2008 Section 1. Introduction. 1. FEDERAL TAX PERSPECTIVE. Personal Income Tax Bulletin 2008-1 IRAs When Congress enacted ERISA in 1974 to regulate

More information

smart Distribution Options Massachusetts Deferred Compensation SMART Plan PARTICIPATE Office of the State Treasurer and Receiver General

smart Distribution Options Massachusetts Deferred Compensation SMART Plan PARTICIPATE Office of the State Treasurer and Receiver General smart S A V E M O N E Y A N D R E T I R E T O M O R R O W PARTICIPATE Distribution Options Massachusetts Deferred Compensation SMART Plan Office of the State Treasurer and Receiver General Live Your Dreams

More information

Board of Education of School District No. 39 (Vancouver) Executive Compensation Report

Board of Education of School District No. 39 (Vancouver) Executive Compensation Report Board of Education of School District No. 39 (Vancouver) Executive Compensation Report The Board of Education encourages and adopts practices that enable the district to attract, retain, incent, and reward

More information

UE Tentative Agreement with GE Sunday, June 21, 2015 Recommended by UE GE Conference Board

UE Tentative Agreement with GE Sunday, June 21, 2015 Recommended by UE GE Conference Board UE Tentative Agreement with GE Sunday, June 21, 2015 Recommended by UE GE Conference Board Four Year Contract Term: June 22, 2015 to June 23, 2019 Wages Approximately $15,500 in additional compensation

More information

Staffing and Compensation Plan

Staffing and Compensation Plan I. EFFECTIVE DATE The provisions of this plan shall be effective commencing July 1, 2005 except as it has been or may be amended from time to time by resolution of the City Council and subject to budget

More information

Group Plan Benefits Life, AD&D, STD, LTD

Group Plan Benefits Life, AD&D, STD, LTD BENEFIT HIGHLIGHTS ILLUSTRATION Canadian National - Wisconsin Central General Committee of Adjustment Group Plan Benefits Life, AD&D, STD, LTD Railroad Retirement can fall short of giving you complete

More information

SOCIAL SECURITY SYSTEM

SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEM IN TURKEY The Institutional Structure Under the Old System SSK Bağ-Kur Retirement Fund MoF and MoH Public Bodies Old Age Old Age Old Age Invalidity Invalidity Invalidity Survivorship

More information

DEFINED CONTRIBUTION OCCUPATIONAL PENSION, ITP 1 Your occupational pension with Alecta

DEFINED CONTRIBUTION OCCUPATIONAL PENSION, ITP 1 Your occupational pension with Alecta DEFINED CONTRIBUTION OCCUPATIONAL PENSION, ITP 1 Your occupational pension with Alecta The information in this brochure is intended for people who have a defined contribution occupational pension plan

More information

SUMMARY OF BENEFITS. Amount One Times Annual Salary rounded to the next higher $1,000. Minimum Amount $10,000. Maximum Amount $100,000

SUMMARY OF BENEFITS. Amount One Times Annual Salary rounded to the next higher $1,000. Minimum Amount $10,000. Maximum Amount $100,000 Group Life Insurance SUMMARY OF BENEFITS Life and AD&D Sponsored by: University of Dallas Life Amount One Times Annual Salary rounded to the next higher $1,000 Minimum Amount $10,000 Maximum Amount $100,000

More information

GROUP UNIVERSAL LIFE (GUL) & ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) PROGRAM FREQUENTLY ASKED QUESTIONS (FAQs) MAY 2015

GROUP UNIVERSAL LIFE (GUL) & ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) PROGRAM FREQUENTLY ASKED QUESTIONS (FAQs) MAY 2015 GROUP UNIVERSAL LIFE (GUL) & ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) PROGRAM FREQUENTLY ASKED QUESTIONS (FAQs) MAY 2015 Minnesota Life is the underwriter of the State of Delaware s GUL and AD&D Program.

More information

Summary of Social Security and Private Employee Benefits PHILIPPINES

Summary of Social Security and Private Employee Benefits PHILIPPINES Private Employee Benefits PHILIPPINES 2013 Your Local Link to IGP in the Philippines: Insular Life Assurance Company, Ltd. Established on November 25, 1910, Insular Life Assurance Company, Ltd. has withstood

More information

PLAN HIGHLIGHTS. Guide to understanding your. Trinity Health. Retirement Program. For former Holy Cross 403(b) Plan participants

PLAN HIGHLIGHTS. Guide to understanding your. Trinity Health. Retirement Program. For former Holy Cross 403(b) Plan participants PLAN HIGHLIGHTS Guide to understanding your Trinity Health Retirement Program For former Holy Cross 403(b) Plan participants HC UNDERSTANDING THE TRINITY HEALTH RETIREMENT PROGRAM The Trinity Health Retirement

More information

Understanding Benefit Practices

Understanding Benefit Practices Business Owner Market Study Understanding Benefit Practices Principal Financial Group Public 11/12/2009 Page 1 of 16 Table of Contents Table of Contents...2 Introduction...3 Executive Summary...3 The Research...3

More information

Your occupational pension plan with Alecta

Your occupational pension plan with Alecta defined benefit occupational pension, itp 2 Your occupational pension plan with Alecta The information in this brochure is intended for people who have a defined benefit occupational pension with Alecta.

More information

Employee Benefits 2011-12

Employee Benefits 2011-12 Piedmont Unified School District Employee Benefits 2011-12 Health Plans The District is pleased to offer two health plans. Employees (working 30% or more) may select between two Kaiser Permanente HMO plans,

More information

Section. Group Universal Life Insurance

Section. Group Universal Life Insurance Section C Group Universal Life Insurance Section Background...C. 1 page Eligibility...C. 1 Effective Date of Coverage...C. 1 Coverage Options for the Member...C. 2 Coverage Increase Opportunity for the

More information

Florida State University Summary of Benefits. Benefit Description Cost Effective Date Eligibility Enrollment

Florida State University Summary of Benefits. Benefit Description Cost Effective Date Eligibility Enrollment Sick Leave Accrued paid time off for illness, doctor appointment; or illness, injury, or death of an immediate family member. Each pay period the employee accrues 4 hours. Proportionate accrual for less

More information

INTRODUCTION TO FEDERAL GOVERNMENT BENEFITS

INTRODUCTION TO FEDERAL GOVERNMENT BENEFITS INTRODUCTION TO FEDERAL GOVERNMENT BENEFITS By: Edward J. Barrett Overview According to the Office of Personnel Management (OPM), there are 1,831,719 federal employees in the United States, and the average

More information

Employer and employee contributions defined as a percentage of monthly salary. Ceiling: 25 times the minimum wage.

Employer and employee contributions defined as a percentage of monthly salary. Ceiling: 25 times the minimum wage. Prepared by Seguros Bolivar. I SUMMARY Social Security Eligibility Once every five years, private sector employees may freely choose between the two available systems (RPM or RAIS). Several restrictions

More information

Life Insurance in Qualified Plans. Producer Guide. For agent use only. Not for public distribution.

Life Insurance in Qualified Plans. Producer Guide. For agent use only. Not for public distribution. Life Insurance in Qualified Plans Producer Guide For agent use only. Not for public distribution. Life Insurance In Qualified Plans While qualified plans are a tremendous retirement savings vehicle, they

More information

Total Rewards Overview. For employees in Denmark

Total Rewards Overview. For employees in Denmark Total Rewards Overview For employees in Denmark Page 2 Benefits are an important part of your total compensation, and we re proud to offer a comprehensive, balanced, and competitive benefits package. Keysight

More information

FULL-TIME FACULTY BENEFITS OVERVIEW 2014-15

FULL-TIME FACULTY BENEFITS OVERVIEW 2014-15 FULL-TIME FACULTY BENEFITS OVERVIEW 2014-15 This document is designed to provide a brief overview of the benefits offered to full-time faculty members at Augustana College. Full-time faculty teach 21 or

More information