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Paragraph 10

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Where—

(a)

any of a member’s remuneration during the period which is the relevant period for the purposes of regulation D1 was determined in accordance with an agreement under paragraph 8 of Schedule C2 (notional remuneration),

(b)

his average weekly earnings from his local government employment in that period (other than payments for overtime and payments by way of bonus) are within the relevant limits, and

(c)

his pensionable remuneration would be greater if determined by reference to those earnings,

his pensionable remuneration is to be determined by reference to those earnings.

(2)

For the purposes of sub-paragraph (1) earnings are within the relevant limits if they—

(a)

exceed by more than 50 per cent. the lower earnings limit at the end of the relevant period, and

(b)

do not exceed the upper earnings limit at the end of that period.

(3)

In this paragraph “lower earnings limit” and “upper earnings limit” have the same meaning as in the Pension Schemes Act 1993f1

Annotations

Footnotes

f1

1993 c. 48.