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PART 3 E+WScheme membership

CHAPTER 5E+WAnnual rate of pensionable earnings for multiple employments

Multiple regular full-time or part-time employmentsE+W

40.—(1) This regulation applies if—

(a)a person (P) is in pensionable service in relation to more than one employment, and

(b)each employment is a regular full-time or part-time employment.

(2) P's annual rate of pensionable earnings is found by—

(a)calculating the D value for each employment; and

(b)adding all the D values.

(3) The D value for an employment is

(4) FT means the annual rate of pensionable earnings for that employment.

(5) C means

(a)for a full-time employment, the A value is 1;

(b)for a part-time employment, the A value is

(c)PT means the amount payable for a full year of a part-time employment, not its full-time equivalent; and

(d)B is the sum of all the A values.

Multiple employments including at least one irregular employmentE+W

41.—(1) This regulation applies if—

(a)a person (P) is in pensionable service in relation to more than one employment; and

(b)at least one employment is an irregular employment.

[F1(2) P’s full-time equivalent annual rate of pensionable earnings is the higher of—

(a)Figure 1; and

(b)either--

(i)Figure 2, if P is in more than one regular employment; or

(ii)Figure 3, if P is only in one regular employment;

where—

Figure 1 is obtained by dividing the sum of the annual rates of each of P’s employments by the total number of P’s employments;

Figure 2 is the annual rate of pensionable earnings for P’s regular employments as set out in paragraph (2) of regulation 40, disregarding P’s irregular employment or employments; and

Figure 3 is the full-time equivalent rate of pensionable earnings for P’s sole regular employment.]

Textual Amendments