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The Armed Forces Pension Regulations 2014
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- UK Statutory Instruments
- 2014 No. 2336
- PART 6
- CHAPTER 3
- Regulation 77
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Earnings adjustments in determining final pensionable earnings
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77.—(1) For the purpose of determining which is the greatest amount mentioned in regulation 76 (meaning of ‘final pensionable earnings’), the amount of pensionable earnings, as determined in accordance with regulation 76 for that part of the period of 365 days that falls 365 days or more before the last day of service is to be adjusted for inflation.
(2) Any adjustment made for the purpose of determining final pensionable earnings is to be disregarded for all other purposes of this scheme.
(3) The reference in paragraph (1) to adjusting for inflation the amount of pensionable earnings for part of the period is a reference to increasing it by the same amount as that by which an annual pension of an amount equal to those earnings would have been increased under the PIA 1971 on the day following the last day of service if the pension—
(a)were eligible to be so increased; and
(b)had come into payment on the day following the last day of that period.
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