Amendment to regulation 41 (Multiple employments including at least one irregular employment)
This section has no associated Explanatory Memorandum
9. In regulation 41, for paragraph (2) substitute—
“(2) P’s full-time equivalent annual rate of pensionable earnings is the higher of—
(a)Figure 1; and
(b)either--
(i)Figure 2, if P is in more than one regular employment; or
(ii)Figure 3, if P is only in one regular employment;
where—
Figure 1 is obtained by dividing the sum of the annual rates of each of P’s employments by the total number of P’s employments;
Figure 2 is the annual rate of pensionable earnings for P’s regular employments as set out in paragraph (2) of regulation 40, disregarding P’s irregular employment or employments; and
Figure 3 is the full-time equivalent rate of pensionable earnings for P’s sole regular employment.”