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  Home Pensions Resources

Pensionable earnings

02 January 2008

Pensionable earnings are the earnings recognised by the scheme rules for pension purposes.

Some schemes count all earnings (gross pay), others just basic pay and others just contractual pay.

Schemes may include or exclude items like overtime, shift premium, bonuses.

Many schemes take account of State retirement benefits when identifying pensionable earnings, a process known as integration or clawback.

 

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