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3. In regulation D1 (contribution by members)—
(a)for paragraph (2) substitute—
“(2) A member whose pensionable pay falls into a pay band specified in column 1 of the table below must contribute the percentage of the member’s pensionable pay specified in column 2 of that table in respect of that amount.
Column 1 Pensionable Pay band | Column 2 Contribution percentage rate |
---|---|
Up to £15,000 | 5% |
£15,001 to £21,175 | 5% |
£21,176 to £26,557 | 6.5% |
£26,558 to £48,982 | 8% |
£48,983 to £69,931 | 8.9% |
£69,932 to £110,273 | 9.9% |
£110,274 to any higher amount | 10.9%” |
(b)in paragraph (3) for the “relevant table “ substitute “table in paragraph (2)”;
(c)in paragraph (5) omit sub-paragraph (c); and
(d)in paragraphs (8) to (21) and (25), for “relevant table” substitute “table in paragraph (2)”.
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