DEFINITION: Remuneration means money or substitutes for money.
REMUNERATION INCLUDES
- Commissions
- Bonuses
- Extra pay for overtime work
- Pay for holidays, vacations or period of sickness or accrued sick time
- Payment by an employer of amounts otherwise required by law to be paid by employees to statutory insurance or pension plans such as the Federal Social Security Act
- Payment to employees on any basis other than time worked, such as piece work, profit sharing or incentive plans
- Payment or allowance for hand tools or power tools used by hand provided by employees and used in their work or operations for the insured
- The rental value of an apartment or house, received by employees as part of their pay, to the extent shown in the insured's records
- The value of meals received by employees as part of their pay to the extent shown in the insured's records
- The value of store certificates, merchandise or credits or any other substitute for money received by employees as part of their pay.
- Musicians and entertainers who are not independent contractors shall be included in computation of premiums of hotels or restaurants (maximum of $250 per week for each musician or entertainer)
- Adjustments necessary to bring employees to minimum wage shall be included.
EXCLUSIONS:
- Payments by an employer to group insurance or group pension plans for employees, other than payments covered by "Inclusions" Paragraph E.
- Payments made by the employer to a Group Insurance, Pension Plan or to an employee directly in lieu of the foregoing because of the Provisions of the Pennsylvania Prevailing Wage Act, 43:1-17 Section 276A of Title 40 of the U.S. Code (Davis-Bacon Act) and amendments thereto.
- The value of special rewards for individual invention or discovery
- Dismissal or severance payments except for time worked or accrued vacation
- Tips and other gratuities received by employees.