The Teachers’ Pension Scheme Regulations 2014

CHAPTER 5 Annual rate of pensionable earnings for multiple employments

Multiple regular full-time or part-time employments

40.—(1) This regulation applies if—

(a) a person (P) is in pensionable service in relation to more than one employment, and

(b) each employment is a regular full-time or part-time employment.

(2) P’s annual rate of pensionable earnings is found by—

(a) calculating the D value for each employment; and

(b) adding all the D values.

(3) The D value for an employment is .

(4) FT means the annual rate of pensionable earnings for that employment.

(5) C means , where—

(a) for a full-time employment, the A value is 1;

(b) for a part-time employment, the A value is ;

(c) PT means the amount payable for a full year of a part-time employment, not its full-time equivalent; and

(d) B is the sum of all the A values.

Multiple employments including at least one irregular employment

41.—(1) This regulation applies if—

(a) a person (P) is in pensionable service in relation to more than one employment; and

(b) at least one employment is an irregular employment.

(2) P’s full-time equivalent annual rate of pensionable earnings is—

where “P’s total annual rate of pensionable earnings” means the total of the annual rates of each of P’s employments.