The Teachers’ Pension Scheme (Scotland) (No. 2) Regulations 2014

CHAPTER 5 Annual rate of pensionable earnings for multiple employments

Multiple regular full-time or part-time employments

38.—(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 FT x C.

(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

39.—(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 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.

(3) In paragraph (2)—

(a) Figure 1 is obtained by dividing the sum of the annual rate of each of P’s employments by the total number of P’s employments;

(b) Figure 2 is the result of the calculation set out in regulation 38 for P’s regular employments, disregarding P’s irregular employment or employments;

(c) Figure 3 is the full-time equivalent rate of pensionable earnings for P’s sole regular employment; and

(d) if Figure 1 and either Figure 2 or Figure 3 are the same amount, P’s annual rate of pensionable earnings is that amount.