Regulation 94 Meaning of “annualised final pay”I1
United Kingdom
(1)
For the purpose of this Chapter, a member’s annualised final pay is FP x 365/N where—
(a)
FP is the member’s pensionable pay during the member’s continuous period of pensionable service; and
(b)
N is the number of days in that period.
(2)
But if the continuous period of pensionable service includes the day 29th February, paragraph (1) has effect with the substitution for “365” of “366”.