Regulation 41 Multiple employments including at least one irregular employment

England and Wales

(1)

This regulation applies if—

(a)

a person (P) is in pensionable service in relation to more than one employment; and

(b)

at least one employment is an irregular employment.

F1(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.

Annotations

F1: Reg. 41(2) substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 9