What is Pensionable Pay?
The LGPS regulations define pay as being the total of all the salary, wages, fees and other payments paid to the employee for their own use in respect of their employment and any other payment or benefit specified in the contract of employment as being pensionable. This is usually your normal salary or wages plus any shift allowance, bonuses, honoraria, contractual overtime, Statutory Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay.
Your monthly pension contribution is deducted from your gross monthly pensionable pay.
Pay does not include
Travelling or subsistence allowances
Pay in lieu of notice
Pay in lieu of loss of holidays
School achievement awards
- The monetary value of a car or pay received in lieu of a car
No payment can be pensionable unless it is subject to income tax.