Regulation 89 Interpretation of Chapter

In this Chapter—

• “average annual rate”, in relation to pensionable earnings in a 6 month period, means the amount of pensionable earnings in that period multiplied by 2;

• “increased annual rate”, in relation to pensionable earnings, has the meaning given in regulation 97;

• “new employment” means one or more new eligible employments;

• “new employment condition” has the meaning given in regulation 91;

• “pensionable earnings”, for a person not in an eligible employment, means the amount which would be the person's pensionable earnings if the employment were eligible employment;

• “previous employment” means one or more previous eligible employments;

• “reduced annual rate”, in relation to pensionable earnings, means the annual rate of P's pensionable earnings following the reduction referred to in regulation 90;

• “reduced annual rate condition” has the meaning given in regulation 90.

When calculating the reduced annual rate or increased annual rate of a person's pensionable earnings, any standard increase M1which takes effect on or after the entitlement day must be ignored.