Merseyside Pension Fund
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Prescribed pay reductions in your last 10 years of pensionable employment

The prescribed circumstances are:
 
  • you choose to be employed by the same employer at a lower grade or responsibilty, or
  • for the purpose of achieving equal pay in relation to other employees at the same employer, or
  • as a result of a job evaluation exercise, or
  • because of a contractual change affecting pensionable emoluments, or
  • because of a restriction to future pay increases that may adversely affect final pay.
 
These circumstances only apply to reductions in pay after 1 April 2008. Other rules apply for reductions in pay before April 2008 [1].
 
A reduction in your pensionable pay can't be considered if:
 
  • it was before the beginning of the period of 10 years ending with your last day of pensionable employment, or
  • it immediately follows a period during when you held a temporary post at a higher rate of pay, or
  • you choose to reduce your working hours or move to a lower grade job so that you could take flexible retirement [2].

 


Source URL:https://mpfmembers.org.uk/content/prescribed-pay-reductions-your-last-10-years-pensionable-employment

Links
[1] https://mpfmembers.org.uk/reductions-pay-1-april-2008 [2] https://mpfmembers.org.uk/flexible-retirement