F
Final pay
Final pay determines final salary benefits in the LGPS and is usually based on the pay from your final year of scheme membership. If your pay from one of the previous two years is higher, that figure can be used instead.
Your final pay includes:
- normal pay
- contractual shift allowance
- bonus
- contractual overtime
- maternity, paternity, adoption, or shared parental pay
- other taxable benefits specified in your contract as pensionable.
It doesn’t include non-contractual overtime.
If you worked part time during your final year, your final pay is calculated as if you had worked full-time.
If your pay in the final year reduces because of:
your final pay is the pay that would have been due if you hadn’t been sick or on leave.
