3. Any public funds paid to you as a grant, subsidy or contract for a research project or other work you perform. Predisability Earnings does not include: 1. Bonuses. 2. Shift differential pay. 3. Standby pay. 4. Commissions. 5. Optional stipends. 6. Overtime pay. 7. Your Employer's contributions on your behalf to any deferred compensation arrangement or pension plan. 8. Any other extra compensation. If you are paid on an annual contract basis or have an understanding of continued full-time employment, your monthly rate of earnings is one-twelfth (1/12th) of your annual salary (including position stipends). If you are a full-time hourly paid Member, your monthly rate of earnings is your hourly pay rate multiplied by the number of hours you are regularly scheduled to work per month, but not more than 173 hours. If you are a part-time faculty Member, your monthly rate of earnings is your average monthly earnings during the preceding 12 calendar months (or during the period of your employment as a part-time Member if less than 12 months). If you are any other salaried part-time Member or full-time Member, your monthly rate of earnings is your monthly wage or salary (including position stipends) times the number of months you are regularly scheduled to work per year, divided by 12. If you are any other hourly paid part-time Member or an intermittent Member, your monthly rate of earnings is your current hourly pay rate times the average number of hours per month for which you were compensated by the Employer during the previous 12 months (or during the period of your coverage under the Group Policy if less than 12 months). If you are a commissioner of a P.U.D., your monthly rate of earnings is 1/12th of your annual compensation (including your percentage of P.U.D. revenue). LT.PD.06X DEDUCTIBLE INCOME Subject to Exceptions To Deductible Income, Deductible Income means: 1. The following amounts you receive from your Employer: a. If your Employer does not have a PTO Plan, any sick pay, shared leave, annual or personal leave pay, severance pay, or non-vacation salary continuation, including donated amounts; b. If your Employer has a PTO Plan, your Fractionated Period Of Paid Time Off. 377661-B - 9 - 6/29/2022