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.