PART 4 Pension accounts

CHAPTER 5 Active member’s account

Amount of pension for a scheme year
34. (1) This regulation applies in relation to every scheme year in which an active member’s account is open.
(2) The active member’s account must specify—
(a) the amount of earned pension (if any) for the scheme year;
(b) the amount of transferred pension (if any) for the scheme year; and
(c) the amount of club transfer earned pension (if any) from each sending scheme for the scheme year.
(3) The amount is—
(a) for earned pension, 1/61.6th of the member’s pensionable pay received for that year for the scheme employment in respect of which that member’s account is established;
(b) for earned pension, 1/61.6th of the member’s assumed pensionable pay for the scheme year where the member pays the contributions required by paragraphs (3) and (4) of regulation 111 (contributions during absence from work due to trade dispute or authorised unpaid absence) or the contributions required by paragraph (1) of regulation 112 (contributions during absence from work on reserve forces service leave) or the contributions required by paragraph (3) of regulation 113 (contributions during child-related leave);
(c) for earned pension, 1/61.6th of the member’s assumed pensionable pay during the member’s absence due to illness or injury for the period in respect of which the member pays the contributions required by paragraph (2) of regulation 111 (contributions during absence from work due to illness or injury);
(d) for earned pension, 1/61.6th of the member’s assumed pensionable pay whilst the member is absent on ordinary adoption leave, ordinary maternity leave or paternity leave;
(e) for transferred pension, the amount which the member is entitled to count under regulation 133(2) (amount of transferred pension) for that year; and
(f) for club transfer earned pension, the amount of all club transfer values received in relation to the member in that year as calculated under regulation 135(2) (amount of club transfer earned pension).