PART 4Contributions
CHAPTER 1Determination and payment
Members' contributions: employees30
1
This regulation applies in relation to an active member (M) who belongs to group A, B or C in regulation 27(1).
2
M must make contributions to this scheme (“members' contributions”)—
a
in respect of M's pensionable earnings;
b
at M's contribution rate for the scheme year in question.
3
Where paragraph 2 of Schedule 11 (determination of pensionable earnings for the purposes of setting a contribution rate for members) applies, M's contribution rate for F2the scheme year F52023/24 is the percentage specified in column 2 of the following table in respect of the corresponding pensionable earnings band specified in column 1 into which M's pensionable earnings fall.
F7Column 1 | Column 2 |
|---|---|
Pensionable earnings band | Contribution percentage rate |
Up to £13,246 | 5.1% |
£13,247 to £17,673 | 5.7% |
£17,674 to £24,022 | 6.1% |
£24,023 to £25,146 | 6.8% |
£25,147 to £29,635 | 7.7% |
£29,636 to £30,638 | 8.8% |
£30,639 to £45,996 | 9.8% |
£45,997 to £51,708 | 10.0% |
£51,709 to £58,972 | 11.6% |
£58,973 to £75,632 | 12.5% |
£75,633 and above | 13.5% |
F13A
Where paragraph 2A or 3 of Schedule 11 applies, M’s contribution rate for the scheme year F62023/24 is the percentage specified in column 2 of the following table in respect of the corresponding pensionable earnings band specified in column 1 into which M’s pensionable earnings fall.
F8Column 1 | Column 2 |
|---|---|
Pensionable earnings band | Contribution percentage rate |
Up to £13,246 | 5.1% |
£13,247 to £17,673 | 5.7% |
£17,674 to £24,022 | 6.1% |
£24,023 to £25,146 | 6.8% |
£25,147 to £29,635 | 7.7% |
£29,636 to £30,638 | 8.8% |
£30,639 to £45,996 | 9.8% |
£45,997 to £51,708 | 10.0% |
£51,709 to £58,972 | 11.6% |
£58,973 to £75,632 | 12.5% |
£75,633 and above | 13.5% |
4
The Secretary of State must—
a
with the consent of the Treasury; and
b
having considered the advice of the scheme actuary,
determine the pensionable earnings bands and contribution percentage rates in the F4tables set out in this regulation in respect of each subsequent scheme year.
5
M's employing authority must deduct member contributions from M's pensionable earnings and pay them to the scheme manager not later than the 19th day of the month following that in which the earnings were paid to M.
6
If M's employing authority has failed to deduct contributions pursuant to paragraph (5), the scheme manager may recover the amount of unpaid contributions by deduction from benefits payable to, or in respect of, M if the scheme manager has notified M of an intention to do so.