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The Judicial Pensions Regulations (Northern Ireland) 2015
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- Rheolau Statudol Gogledd Iwerddon
- 2015 No. 76
- PART 9
- Article 124
Pa Fersiwn
Nodweddion Uwch
- Dangos Graddfa Ddaearyddol(e.e. Lloegr, Cymru, Yr Alban aca Gogledd Iwerddon)
- Dangos Llinell Amser Newidiadau
Rhagor o Adnoddau
Changes over time for: Section 124
Alternative versions:
- 18/02/2015- Amendment
- 01/04/2019- Amendment
- 01/04/2020- Amendment
- 24/05/2024
Point in time
Status:
Point in time view as at 24/05/2024.
Changes to legislation:
The Judicial Pensions Regulations (Northern Ireland) 2015, Section 124 is up to date with all changes known to be in force on or before 14 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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Rate of member contributionsN.I.
124.—(1) An active member of this scheme must pay contributions to this scheme (“member contributions”) on the member's pensionable earnings for each pay period at a rate determined under this regulation (“member contributions rate”).
(2) The member contributions rate which applies to a member's pensionable earnings is the rate which applies when the member's pensionable earnings are paid.
(3) For the purposes of paragraph (2), assumed pay for any pay period is treated as having been paid when pensionable earnings for that period would have been paid had the circumstances in regulation 24(3) which apply to the member not applied.
(4) The member contributions rate during a scheme year to which [F1the table at the end of] this regulation applies is the percentage, set out in [F2column 2 of the table], which applies to a member's annualised rate of pensionable earnings [F3(see column 1 of the table)] calculated in relation to each payment of a member's pensionable earnings.
[F4(4A) The figures in column 1 of the table (except for the figures of £150,001) are increased on 1st April 2021 and on 1st April of each subsequent scheme year, if there is a relevant increase in the consumer prices index, by appropriate percentage for the scheme year, rounded up to the nearest £1.
(4B) There is a relevant increase in the consumer prices index for a scheme year if the consumer prices index for the month of September before that scheme year is higher than that for the previous September.
(4C) The appropriate percentage for the scheme year is the same percentage as the percentage increase in the consumer prices index.]
(5) Where the member's pensionable earnings for a scheme year are payable to the member in 12 instalments, the member's annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound—
where P is the amount of a payment of the member's pensionable earnings.
(6) Where the member's pensionable earnings for a scheme year are payable otherwise than in 12 instalments, the member's annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound—
where—
P is the amount of a payment of the member's pensionable earnings; and
N is the number of days in the applicable payment period.
(7) For the purposes of paragraph (6) the applicable payment period is—
(a)if it is the member's first payment of pensionable earnings in relation to a continuous period of pensionable service in a qualifying judicial office, the number of days in the period beginning on the day the member commenced the period of pensionable service in the qualifying judicial office and ending on the day before the day that this payment was made; or
(b)in any other case, the period beginning on the day the previous payment of the member's pensionable earnings was made and ending on the day before the day that this payment was made.
(8) If the scheme year in which the payment of pensionable earnings is made includes the day 29th February, paragraph (6) has effect with the substitution for “365” of “366”.
[F5(9) In this regulation, “the consumer prices index” means the all items consumer prices index published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007.]
[F6Contributions table for scheme year 1st April 2020 to 31st March 2021
Column 1 Annualised rate of pensionable earnings | Column 2 Member contributions rate |
|---|---|
| Up to but not including £22,005 | 4.6% |
| £22,005 to but not including £52,392 | 5.45% |
| £52,392 to but not including £150,001 | 7.35% |
| £150,001 and above | 8.05%] |
Textual Amendments
F1Words in reg. 124(4) substituted (1.4.2020) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2020 (S.R. 2020/10), regs. 1, 2(a)(i)
F2Words in reg. 124(4) substituted (1.4.2020) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2020 (S.R. 2020/10), regs. 1, 2(a)(ii)
F3Words in reg. 124(4) inserted (1.4.2020) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2020 (S.R. 2020/10), regs. 1, 2(a)(iii)
F4Reg. 124(4A)-(4C) inserted (1.4.2020) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2020 (S.R. 2020/10), regs. 1, 2(b)
F5Reg. 124(9) inserted (1.4.2020) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2020 (S.R. 2020/10), regs. 1, 2(c)
F6Reg. 124 Table substituted (1.4.2020) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2020 (S.R. 2020/10), regs. 1, 2(d)
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