Regulation 10 Calculation of contributions credit
A contributions credit shall be calculated in accordance with this regulation.
There shall be ascertained—
in respect of each former scheme of which the office holder was a member; and
in respect of the last existing scheme;
the length of each period of service during which the office holder paid contributions (excluding additional voluntary contributions) by way of periodical deductions from salary at a particular percentage rate of salary.
The length of each such period of service shall be expressed in years and fractions of a year.
Each such period of service shall then be multiplied by A/3, to give the credit for that period of service, where A is the percentage rate of salary at which contributions were paid during that period.
Where an office holder has a period of notional service in respect of a former scheme or his last existing scheme which is attributable to the payment by him of additional voluntary contributions while a member of that scheme he shall be given a credit equal to that period of notional service.