Regulation 40 Amendment of regulation 27

(1)

Regulation 27 (modification of regulation 39) is amended as follows.

(2)

In paragraph (c)(iii)—

(a)

in paragraph (aa), for “each relevant period of the scheme year 2022/23” substitute “the period beginning with 1st April 2022 and ending with 30th September 2022”;

(b)

for paragraph (bb) substitute—

“(bb)

for “28.” there were substituted “28; and””.

(3)

After paragraph (c)(iii) insert—

“(iv)

after sub-paragraph (b), there were inserted—

“(c)

any reduced pensionable earnings M is treated as having received for the period beginning with 1st October 2022 and ending with 31st March 2023 during an absence from work in accordance with regulation 28,

and the pensionable earnings to which the contribution rate is applied for each relevant period of the scheme year 2022/23 are M’s reconciled, certified or final pensionable earnings from all group D sources for each relevant period.”.”.

(4)

In paragraph (d), in new paragraph (3A)—

(a)

in sub-paragraph (b)—

(i)

for “each relevant period of the scheme year 2022/23” substitute “the period beginning with 1st April 2022 and ending with 30th September 2022”;

(ii)

for “28,” substitute “28; and”;

(b)

after sub-paragraph (b) insert—

“(c)

any reduced pensionable earnings M is treated as having received for the period beginning with 1st October 2022 and ending with 31st March 2023 during an absence from work in accordance with regulation 28,”.