Section 3 of your 2016 Annual Benefit Statement (ABS) shows the following pay figures, provided to us by your employer:
- Your Final Salary Pensionable Pay (this will be zero if you started your employment that the statement refers to, on or after 1 April 2014)
- Your CARE Pensionable Pay (either Main Section, 50/50 Section, or both, depending on what Sections of the Scheme you have contributed to throughout the Scheme Year - 1 April 2015 to 31 March 2016)
IF YOU THINK THE PAY SHOWN IS INCORRECT PLEASE CONTACT YOUR EMPLOYER DIRECTLY.
Your Final Salary Pensionable Pay
You will only have a figure here if you started the employment that this statement refers to, before 1 April 2014. The figure shown here is your full time equivalent pensionable pay, as at 31 March 2016, and it is used to calculate your Total Final Salary Annual Pension.
The definition of Final Salary Pensionable Pay is determined by the LGPS Regulations 2008. It is the total of :
- your salary, wages, fees and other payments paid to you for your own use in respect of your employment; and
- any other payment or benefit specified in your contract of employment as being eligible for the deduction of pension contributions
It does not include non-contractual overtime. The full definition of Final Salary Pensionable Pay, under the LGPS Regulations 2008, which includes a full list of exclusions can be found here.
Your CARE Pensionable Pay
From 1 April 2014 your CARE benefits are calculated using your CARE Pensionable Pay, this pay is also known as your Cumulative Pensionable Pay. Your CARE (or Cumulative) Pensionable Pay is the actual pay that you have paid pension contributions on over the Scheme Year (1 April 2015 – 31 March 2016). The definition of CARE Pensionable Pay is the same as that shown above, for Final Salary Pensionable Pay, however it does include non-contractual overtime.
The full definition of CARE Pensionable Pay, under the LGPS Regulations 2013, which includes a full list of exclusions, can be found here.
Your employer must tell us your Cumulative Pensionable Pay for each Section of the Scheme you have contributed to (Main or 50/50). So if you have contributed to both Sections over the Scheme Year then you will have a pay figure in both ‘Your CARE Pensionable Pay Main Section’ and ‘Your CARE Pensionable Pay 50/50 Section’.
Authorised unpaid leave and how this may affect your pensionable pay
If you are absent from work for one of the following reasons:
- sickness, or injury, and are on reduced or nil contractual pay;
- relevant child related leave (shared parental leave, ordinary maternity, paternity or adoption leave and any paid additional maternity, paternity or adoption leave but NOT unpaid additional maternity leave); or
- reserve forces services leave
then your employer will calculate Assumed Pensionable Pay for the time you are on reduced or nil pay. Your average pay is calculated from the last 3 months (or 12 weeks if you are not paid monthly) before you were on leave, grossed up to an annual figure and then applied to the period of time you were on reduced or nil pay, as a proportion. This Assumed Pensionable Pay figure will then make up part, or all if you are on reduced or nil pay for the whole Scheme Year, of your Cumulative Pensionable Pay.