xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
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.
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
F1Reg. 41(2) substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 9