PART 3Scheme membership

CHAPTER 5Annual rate of pensionable earnings for multiple employments

Multiple regular full-time or part-time employments40

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.