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.