Paragraph 23 F1

When determining a member’s pensionable pay by reference to which any age related benefit or death benefit payable to or in respect of a member is calculated, to exclude from the member’s remuneration an amount which—

(a)

does not exceed one and a half times the lower earnings limit;

(b)

does not exceed an amount calculated by reference to the lower earnings limit where the aim is more or less to reflect the amount of the basic state retirement pension, or

(c)

does not exceed an amount calculated more or less to reflect the amount of the basic state retirement pension plus the additional state retirement pension.

F2, or

(d)

does not exceed an amount calculated more or less to reflect the amount of the state pension under Part 1 of the Pensions Act (Northern Ireland) 2015.

Annotations

Textual amendments

F1: Sch. 1 paras. 21-24 substituted (1.12.2006) by The Employment Equality (Age) (Amendment No. 2) Regulations (Northern Ireland) 2006 (S.R. 2006/453), regs. 1(1), 2(3)(n)
F2: Sch. 1 para. 23(d) and preceding semi-colon and word inserted (6.4.2016) by The Pensions (2015 Act) (Consequential, Supplementary and Incidental Amendments) Order (Northern Ireland) 2016 (S.R. 2016/25), arts. 1, 3(d)

Notes on Schedule 1

Commencement

I1: Sch. 1 para. 13 in operation at 1.12.2006, see reg. 1(1)