SCHEDULES

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

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.