Regulation 24 Meaning of “assumed pay”I1
United Kingdom
For any period in which the circumstances specified in paragraph (2) apply to an active member of this scheme, a member is treated as receiving pay (“assumed pay”) equal to the pensionable earnings that the member would have received if those circumstances had not applied, with such increase, if any, as the scheme manager considers appropriate.
The circumstances are that the member—
is on secondment to a different employer under an arrangement providing for the member to continue to be an active member of this scheme in respect of the member’s service although the member is paid for that service by that employer;
is on ordinary adoption leave, ordinary maternity leave, paternity leave or paid shared parental leave;
is receiving statutory maternity pay; or
is on unpaid leave for a period which the scheme manager has agreed can count for the purpose of this paragraph.
Annotations
Textual amendments
- F1
Reg. 24(2)(b) substituted (31.12.2014) by The Shared Parental Leave and Statutory Shared Parental Pay (Consequential Amendments to Subordinate Legislation) Order 2014 (S.I. 2014/3255), arts. 1(2), 33(3)