PART 3 N.I. Scheme membership

CHAPTER 5 N.I. Annual rate of pensionable earnings for multiple employments

Multiple regular full-time or part-time employments N.I.

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—

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 values.