Regulation 9 Amendment to regulation 41 (Multiple employments including at least one irregular employment)

In regulation 41, for paragraph (2) substitute—

“(2)

P’s full-time equivalent annual rate of pensionable earnings is the higher of—

(a)

Figure 1; and

(b)

either--

(i)

Figure 2, if P is in more than one regular employment; or

(ii)

Figure 3, if P is only in one regular employment;

• where—

• Figure 1 is obtained by dividing the sum of the annual rates of each of P’s employments by the total number of P’s employments;

• Figure 2 is the annual rate of pensionable earnings for P’s regular employments as set out in paragraph (2) of regulation 40, disregarding P’s irregular employment or employments; and

• Figure 3 is the full-time equivalent rate of pensionable earnings for P’s sole regular employment.”