Cumulative Pensionable Pay (CPP) is all the Pensionable Pay received in the Scheme Year plus any Assumed Pensionable Pay (APP) and is required separately per section (Main or 50/50) of the fund and per employment/post.
CPP is reported to LGSS Pensions as part of your Year End process and where CPP is calculated this needs to be reported within three months of the year end in which the CPP applies.
Note that any pensionable pay received after 31st March 2014 which relates to a period prior to 1st April 2014 should not be included in any Cumulative Pensionable Pay figures.
Cumulative Pensionable Pay example
Mrs Smith works part time as a Teaching Assistant in a school. Her full time equivalent salary from April 2014 is £16,660, increasing to £17,100 from September 2014. Her part time salaries are: April 2014: £8,675, September 2014: £8,880. She receives a non consolidated bonus of £200 in January 2015. In July she moves from the main section of the Scheme to the 50/50 section and opts to rejoin the main section from October 2014. She retires from her Teaching Assistant post on 31st March 2015.
|Month||Main Section (£)||50/50 Section (£)|
|January 2015||740.00 + 200 (non consol. Bonus)|