PART 3Scheme membership
CHAPTER 5Annual rate of pensionable earnings for multiple employments
Multiple regular full-time or part-time employments
38.—(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 A values.
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.