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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 FT x C.
(4) FT means the annual rate of pensionable earnings for that employment.
(5) C means
, where—
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 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 result of the calculation set out in regulation 40 for P’s regular employments, disregarding P’s irregular employment or employments; and
Figure 3 is the full-time equivalent rate of pensionable earnings for P’ sole regular employment.
(3) If Figure 1 and either Figure 2 or Figure 3 are the same amount, P’s annual rate of pensionable earnings is that amount.
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