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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 21
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There are currently no known outstanding effects for the The Health and Social Care Pension Schemes (Amendment No.2) Regulations (Northern Ireland) 2024, Section 21.
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Amendment of regulation 31N.I.
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Memorandwm Esboniadol
21.—(1) Regulation 31 (members’ contributions: practitioners and non-GP providers)(1) is amended as follows.
(2) In paragraph (9)—
(a)after subparagraph (b), insert—
“;
(c)in respect of the scheme years 2024/25 to 2027/28, Table 3”.
(b)after table 2, insert—
“Table 3 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) After paragraph (10), insert—
“(11) The figures in column 1 of Table 3 (except 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 prices index for that scheme year, by the appropriate percentage for the scheme year rounded up to the nearest £1.
(12) For the purposes of paragraph (11)—
(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 prices 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;
(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.”.
Commencement Information
I1Reg. 21 in operation at 12.6.2024 with effect in accordance with reg. 1(2)
(1)
Regulation 31 is amended by S.R. 2019 No.62, S.R. 2022 No.33 and S.R. 2022 No.244.
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