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The Health and Social Care Pension Schemes (Amendment No.2) Regulations (Northern Ireland) 2024
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- Rheolau Statudol Gogledd Iwerddon
- 2024 No. 117
- PART 5
- Regulation 20
Pa Fersiwn
Dewisiadau Agor
Status:
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
Amendment of regulation 30
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adran has no associated
Memorandwm Esboniadol
20.—(1) Regulation 30 (members’ contributions: employees)(1)is amended as follows.
(2) In paragraph (3)—
(a)for “year 2022/23 (from 1 November 2022) and scheme year 2023/24 and each subsequent scheme year” substitute “years 2024/25 to 2027/28”;
(b)for the table, substitute—
“Table Scheme Years 2024/25 to 2027/28
| Column 1 | Column 2 |
|---|---|
| Pensionable earnings band | Contribution percentage rate |
| Up to £13,259 | 5.2% |
| £13,260 to £26,831 | 6.5% |
| £26,832 to £32,691 | 8.3% |
| £32,692 to £49,078 | 9.8% |
| £49,079 to £62,924 | 10.7% |
| £62,925 and above | 12.5%”. |
(3) In paragraph (3A)—
(a)for “year 2022/2023 (from 1 November 2022) and scheme year 2023/24 and each subsequent scheme year” substitute “years 2024/25 to 2027/28”;
(b)for the table, substitute—
“Table Scheme Years 2024/25 to 2027/28
| Column 1 | Column 2 |
|---|---|
| Pensionable earnings band | Contribution percentage rate |
| Up to £13,259 | 5.2% |
| £13,260 to £26,831 | 6.5% |
| £26,832 to £32,691 | 8.3% |
| £32,692 to £49,078 | 9.8% |
| £49,079 to £62,924 | 10.7% |
| £62,925 and above | 12.5%”. |
(4) After paragraph (6), insert—
“(7) The figures in column 1 of the tables in paragraph (3) and (3A) (except for the figures £13,259 and £13,260) are to be increased at the beginning of each scheme year starting with the scheme year 2025/26, and ending with (and including) scheme year 2027/28, if there is a relevant increase in the consumer price index for that scheme year, by the appropriate percentage for the scheme year rounded up to the nearest £1.
(8) For the purposes of paragraph (7)—
(a)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;
(b)the appropriate percentage for the scheme year is the same percentage as any percentage increase in the consumer prices index over the period specified by sub-paragraph (a);
(c)the “consumer price index” means the general index of consumer prices (for all items) published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007(2);
(d)where there is a relevant increase after the 1st April 2025, the figures to be increased on the relevant date are the figures applicable to the previous scheme year.”.
(1)
Regulation 30 was amended by S.R. 2019 No.62, S.R. 2022 No. 244 and S.R. 2023 No.23.
(2)
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