89.—(1) In this Chapter—
“average annual rate”, in relation to pensionable earnings in a 6 month period, means the amount of pensionable earnings in that period multiplied by 2;
“increased annual rate”, in relation to pensionable earnings, has the meaning given in regulation 97;
“new employment” means one or more new eligible employments;
“new employment condition” has the meaning given in regulation 91;
“pensionable earnings”, for a person not in an eligible employment, means the amount which would be the person's pensionable earnings if the employment were eligible employment;
“previous employment” means one or more previous eligible employments;
“reduced annual rate”, in relation to pensionable earnings, means the annual rate of P's pensionable earnings following the reduction referred to in regulation 90;
“reduced annual rate condition” has the meaning given in regulation 90.
(2) When calculating the reduced annual rate or increased annual rate of a person's pensionable earnings, any standard increase M1which takes effect on or after the entitlement day must be ignored.
Marginal Citations
M1See the meaning of “standard increase” in Chapter 4 of Part 3.