Paragraph A.4 Meaning of “final pensionable earnings”

In these Rules “final pensionable earnings”, in relation to a member, means the greatest amount that is the member’s total pensionable earnings for 365 consecutive days falling within the period of 3 years ending with the last day of his reckonable service.

Where a member served on flexible terms during any part of the period of 3 years mentioned in paragraph (1), the member’s final pensionable earnings are calculated as though the member had not served on flexible terms for that period.

If the person was not in service as a member of the armed forces during any period of 365 consecutive days falling within the period of 3 years mentioned in paragraph (1), that paragraph applies as if it referred to the person’s annualised pensionable earnings in the period of service ending with the last day of his reckonable service.

The person’s annualised pensionable earnings in a period of service are the amount given by the formula—

where—

• PE is the person’s pensionable earnings for the period, and

• N is the number of days in the period for which pensionable earnings were received.

If at any time during the period of 3 years mentioned in paragraph (1) or the period mentioned in paragraph (2) the member is treated under rule A.3(1) as receiving assumed pay, or would be if he were a member of the Scheme throughout that period, F2for the purposes of those paragraphs his pensionable earnings for each day during that period when he is so treated include the assumed pay for that day.