THE PENSIONABLE INCOME IN ACCORDANCE WITH THE THIRTEENTH SCHEDULE FOR PERSONS BORN FROM 1ST JANUARY 1956 TO 31ST

PENSIONABLE INCOME IN ACCORDANCE WITH THE

THIRTEENTH SCHEDULE FOR PERSONS BORN FROM

1ST JANUARY 1956 TO 31ST DECEMBER 1961

SUBSIDIARY LEGISLATION 318.26

THE PENSIONABLE INCOME IN ACCORDANCE

WITH THE THIRTEENTH SCHEDULE FOR PERSONS

BORN FROM 1ST JANUARY 1956 TO 31ST

DECEMBER 1961 REGULATIONS

19th February, 2021

LEGAL NOTICE 57 of 2021.

The title of these regulations is The Pensionable Income

in accordance with the Thirteenth Schedule for persons born from 1st

January 1956 to 31st December 1961 Regulations.

These regulations apply for persons born from 1st

January 1956 to 31st December 1961 who are employed in the private

sector, or who are self-occupied persons, and their sector of

employment has been adversely hit by the Covid-19 pandemic, and

their employment or self-occupation has been assisted by Malta

Enterprise due to the Covid-19 pandemic.

These amendments refer

(a)

in the case of an employed person, where the

basic wage or salary of the year 2020 shall be considered for

Pensionable Income purposes, and the basic wage or salary in

between January and February 2020 has thereafter decreased in

any period from March to December 2020 due to the Covid-19

pandemic, the basic wage or salary of between January and

February 2020 shall be annualised and the result shall be

considered to be the annual basic wage or salary for the whole

of the year 2020 for Pensionable Income purposes;

(b)

in the case of a self-occupied person, where the

net earnings in the year 2020 shall be considered for

Pensionable Income purposes, and if such net earnings have

decreased in the year 2020 compared to the net earnings of the

year 2019 due to the Covid-19 pandemic, the net earnings for

the year 2020 shall be considered to have been equal to those

net earnings declared in the year 2019 for Pensionable Income

purposes.