PART 2BENEFITS FOR OFFICERS
CHAPTER 3CONTRIBUTIONS
Basic contributions by members
Members' contribution rate28
1
Contributions under regulation 27(1) must be paid at the member’s contribution rate for the period in question.
2
Subject to paragraph (3), a member’s contribution rate for that period is the percentage specified in Column 2 of the following Table in respect of the corresponding pensionable pay range specified in Column 1 of the Table into which the member’s pensionable earnings fall.
Column 1 | Column 2 |
|---|---|
Amount of pensionable pay | Contribution rate |
Up to £19,682 | 5% |
£19,683 to £65,002 | 6.5% |
£65,003 to £102,499 | 7.5% |
£102,500 to any higher amount | 8.5% |
3
The Department may make a determination substituting any or all of the pensionable pay amounts or contribution rates specified in the table in paragraph (2) with effect from a date specified in the determination.
4
Before making a determination under paragraph (3), the Department must consider the advice of the Scheme actuary and the Department of Finance and Personnel.