In this Schedule, the words and expressions listed in column 1 of the table have the meaning given by the corresponding entry in column 2.
TableColumn 1 Word or expression | Column 2 Meaning |
---|
re-employed pensioner | A person (P) who, at P’s date of death, was both— |
- a
an active member otherwise than in service in an employment in respect of which P had exercised an election under regulation 83; and - b
a pensioner member.
|
partial retirement pensioner | a person (P) who, at P’s date of death, was both— |
- a
an active member in service in an employment in respect of which P had exercised an election under regulation 83, and - b
a pensioner member by virtue of being entitled to a pension under that regulation.
|
earnings reference period | the period ending on— |
- a
in the case of an active member, the last day of the scheme year immediately preceding the scheme year in which the member (M) died and beginning on the later of—
|
- i
the first day of the scheme year in which M first joined the scheme; - ii
the first day of the tenth scheme year preceding the scheme year in which M died;
|
- a
in the case of a partial retirement member, the last date on which an election under regulation 83 was exercised; - b
in the case of a pension credit member, the valuation day.
|
recent leaver | a person— |
| - a
who left pensionable service less than 12 months before the date of the person’s death; - b
who is neither qualified for a retirement pension pursuant to regulation 71 nor is a pensioner member because of rights resulting from that employment; and - c
in respect of whom no transfer value or refund of contributions has been paid in respect of that employment.
|
relevant earnings | where the member (M) has— |
- a
365 days of pensionable earnings in the period of 12 months ending on the last day of pensionable service, the amount of those pensionable earnings; or - b
less than 365 days of pensionable earnings in the period of 12 months ending on the last day of pensionable service, the amount of earnings represented by the formula
|
|
where— |
PE is the amount of pensionable earnings in the period of 12 months ending on the last day of M’s pensionable service; and |
N is the number of days of pensionable service in that 12 month period. |