F
Final pay
Final pay is the figure used to work out final salary benefits in the LGPS. Final pay is usually the pay due for your final year of scheme membership. Pay for one of the previous two years can be used if it’s higher. Final pay includes:
- your normal pay
- contractual shift allowance
- bonus
- contractual overtime
- maternity, paternity, adoption or shared parental pay
- any other taxable benefit specified in your contract as being pensionable.
Final pay doesn’t include non-contractual overtime.
If you were part time during your final year, your final pay is based on the pay you would have been due if you had worked full time.
If your pay in the final year is reduced because of:
final pay is the pay that would have been due if you hadn’t been sick or on leave.
