Regulation 4 Amendment of regulation 135

In regulation 135^f1 (amount of pensionable earnings), after paragraph (4) insert

“(5)

For the purpose of regulation 134, when calculating a member’s annualised rate of pensionable earnings, the amount of a payment of a member’s pensionable earnings for a pay period excludes any amounts paid to the member in that pay period in the form of arrears of, or back-dated, pensionable earnings.”.