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Statement on Compensation
According to the Presbyterian Church (U.S.A.) Churchwide Compensation
Policy Guidelines, 1988, compensation includes all payments
received, directly or indirectly, in cash or in kind, from the
employer for services performed in meeting the duties of the
position.
The following items of compensation, which are the basis for
the computation of contributions to the Presbyterian Church
(USA) Pension Plan, are referred to in these principles as salaries;
these are for salary ranges where referred to in these guidelines.
- cash salary
- non-forfeitable annuity payments
- fair rental value or housing allowance.
Also included as compensation are various benefits including:
- pension dues
- health insurance premiums
- life insurance and other insurance premiums
- paid holidays
- vacation and leaves
- employer contributions to FICA and other employment taxes
- employee continuing education benefits
- designated book allowance
- car and furniture allowances
These items are not normally included for computation of contributions
to the Presbyterian Church (U.S.A.) Pension Plan and are not included
as salary as defined above.
All compensation is for the benefit of the person being compensated,
i.e., book allowance is for purchasing personal books used in
performing duties of the position and not to be returned to
the employing body.
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