PART 9Contributions

CHAPTER 2Members’ contributions

Members’ contributions185.

(1)

In each pay period for each eligible employment, an active member (P) must pay contributions (“members’ contributions”) on P’s pensionable earnings at a rate determined under this regulation (“members’ contributions rate”).

(2)

The members’ contributions rate for each eligible employment is the percentage of P’s annual rate of pensionable earnings, in accordance with the definition in regulation 3, in that employment determined by reference to the table.

Table

Annual rate of pensionable earnings

Members’ contributions rate

Up to £14,999

6.4%

£15,000 to £25,999

7.2%

£26,000 to £31,999

8.3%

£32,000 to £39,999

9.5%

£40,000 to £44,999

9.9%

£45,000 to £74,999

11.0%

£75,000 to £99,999

11.6%

£100,000 and above

12.4%.