PART 1Membership, contributions and benefits
Contributions
Meaning of pensionable pay20
1
Subject to regulation 21 (assumed pensionable pay), an employee's pensionable pay is the total of—
a
all the salary, wages, fees and other payments paid to the employee, and
b
any benefit specified in the employee's contract of employment as being a pensionable emolument.
2
But an employee's pensionable pay does not include—
a
any sum which has not had income tax liability determined on it;
b
any travelling, subsistence or other allowance paid in respect of expenses incurred in relation to the employment;
c
any payment in consideration of loss of holidays;
d
any payment in lieu of notice to terminate a contract of employment;
e
any payment as an inducement not to terminate employment before the payment is made;
C1f
any amount treated as the money value to the employee of the provision of a motor vehicle or any amount paid in lieu of such provision;
g
any payment in consideration of loss of future pensionable payments or benefits;
h
any award of compensation (excluding any sum representing arrears of pay) for the purpose of achieving equal pay in relation to other employees;
i
any payment made by the Scheme employer to a member on reserve forces service leave;
j
returning officer, or acting returning officer fees other than fees paid in respect of—
i
local government elections,
ii
elections for the National Assembly for Wales,
iii
Parliamentary elections, or
iv
European Parliamentary elections.