SCHEDULES

F1SCHEDULE 4BAdditional pension: accrual rates for purposes of section 45(2)(d)

Annotations:
Amendments (Textual)
F1

Sch. 4B inserted (26.9.2007) by Pensions Act 2007 (c. 22), s. 30(3), Sch. 2 para. 1

Part 3Contracted-out employment

Amount B

10

1

Amount B is calculated as follows—

a

take the part of the F2pensioner's assumed earnings factor for the year which exceeds the QEF F3...;

b

multiply that amount in accordance with the last order under section 148 of the Administration Act to come into force before the end of the final relevant year;

c

multiply the amount found under paragraph (b) by 20%;

d

divide the amount found under paragraph (c) by the number of relevant years in the pensioner's working life.

2

Section 44B is to be ignored in applying section 44(6) for the purposes of this paragraph.