For purposes of most Citi benefits, benefits eligible pay for the plan year consists of:
Notwithstanding the foregoing, the list of items that constitute benefits eligible pay under the Plan is exclusive, and shall not include any extraordinary payments, including, but not limited to those related to settlements or forgivable loans, unless specifically set forth in the plan document or in an agreement or statement of policy.
Your benefits eligible pay at the time you are hired (if after
For future years, your benefits eligible pay will be based on a formula that includes your actual base pay plus commissions, performance-based bonuses and annual incentive bonus. Your benefits eligible pay for subsequent years will be determined under the Plan rules for Annual Enrollment as noted above.
Note: Your benefits eligible pay does not necessarily equal the amount reported as salaries and wages on your Form W-2 Wage and Tax Statement (“Form W-2”).
In the event that you go out on a disability, your benefits eligible pay will be recalculated for annual enrollment after you return from the disability leave, if your leave extends beyond the benefits eligible pay calculation period for purposes of annual enrollment for the next plan year.