Annex B Calculation of Pensionable Pay The table below gives some examples of how to calculate pensionable pay for contribution rate assessment Contribution Scenario Pensionable Pay Rate Full Time Employed full time £20,000 5.5% based – Rate of pensionable pay on table 2 @ 1 April = £20,000 No adjustment is below required Full Time Employed full time £24,000 ignoring 5.7% based –but with a period of Salary point @ 1 April period of no pay on table 2 no pay through £24,000 through sickness below sickness Period of no pay 165 days during the year to scheme year end Rate of pensionable pay @ 1 April £0.00 Part Time Employed part time 20 £20,000 5.5% based – Full Year hours per week on table 2 below Full time for post is 37.00 hours per week (£37,000 pa) Rate of part-time pensionable pay @ 1 April = £20,000 Part-time Employed part time 35 Based on additional 5.5% – Full Year hours per week hours up to standard – with additional F/T hours for that hours Works average additional employment hours (over the year to 31 (37 x £8 = £296) March) 3 per week £296 x 52 = £15,392 Full time for post is 37.00 hours per week Rate of part-time pensionable pay @ 1 April = £8 per hour
Annex B Calculation of Pensionable Pay The table below gives some examples of how to calculate pensionable pay for contribution rate assessment Scenario Pensionable Pay Contribution Rate Full Time – Employed full time Rate of pensionable pay @ 1 April = £20,000 £20,000 No adjustment is required 5.5% based on table 2 below Full Time –but with a period of no pay through sickness Employed full time Salary point @ 1 April £24,000 Period of no pay 165 days during the year to scheme year end Rate of pensionable pay @ 1 April £0.00 £24,000 ignoring period of no pay through sickness 5.7% based on table 2 below Part Time – Full Year Employed part time 20 hours per week Full time for post is 37.00 hours per week (£37,000 pa) Rate of part-time pensionable pay @ 1 April = £20,000 £20,000 5.5% based on table 2 below Part-time – Full Year – with additional hours Employed part time 35 hours per week Works average additional hours (over the year to 31 March) 3 per week Full time for post is 37.00 hours per week Rate of part-time pensionable pay @ 1 April = £8 per hour Based on additional hours up to standard F/T hours for that employment (37 x £8 = £296) £296 x 52 = £15,392 5.5%
sppa-contribution-guide-2017.docx