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13.
PART-TIME EMPLOYMENT
Where your employment with the GFTU has included part-time employment, your benefits
will be calculated in order to provide you with benefits which reflect your periods of full and
part-time membership, as follows.
Changing from full-time work to part-time work
If you have full-time Pensionable Service and then become a part-time employee, and leave
whilst in part-time Pensionable Service, your benefits will be calculated as follows:
Your Pensionable Pay will be converted into the full-time equivalent using the following
formula:
Full-time hours (as determined by the GFTU) x
actual basic salary
Part-time hours actually worked
Your Pensionable Service whilst in part-time employment will also be adjusted to the
full-time equivalent using the following formula:
Years of part-time service
x
Part-time hours
Full-time hours
Your total pension will then be calculated by reference to the adjusted Pensionable Pay above
(which will be used to calculate your Final Pensionable Pay) and the sum of your full-time
Pensionable Service and the adjusted part-time Pensionable Service described above.
If your part-time hours fluctuate, each period during which you worked a particular number
of hours will be calculated separately.
Changing from part-time work to full-time work
If you have periods of part-time Pensionable Service and leave whilst in full-time
Pensionable Service your benefits will be calculated as follows:
Your Pensionable Service for the period you were in part-time employment will be
adjusted in the same way as in the example above. Your Pensionable Pay and Final
Pensionable Pay will not be adjusted.
Your full-time and adjusted part-time Pensionable Service will be added together and
used to calculate your total pension.