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PART 3Scheme membership

CHAPTER 5Annual rate of pensionable earnings for multiple employments

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.