PART 9Contributions
Rate of member contributionsI1134
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),
F4a
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 27(3) which apply to the member not applied; and
F5b
payment of the money value of any benefit in kind which forms part of a member’s pensionable earnings is treated as having been made at a time or apportioned across a period of time as determined by the scheme manager.
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In this regulation—
a
for the purpose of calculating the rate of member contributions, pensionable earnings are determined in relation to each pay period and are the sum of;
i
the member’s basic amount of pensionable salary; and
ii
the member’s permanent pensionable allowances; and
iii
the member’s fluctuating pensionable earnings;
b
the member contributions rate during scheme year 1st April 2019 to 31st March 2020 is the relevant percentage rate set out in the table in this regulation, which applies to a member’s annualised rate of pensionable earnings calculated in relation to each payment of a member’s pensionable earnings;
c
for the purpose of this regulation, the total pensionable earnings in relation to a payment excludes any arrears or retrospective element when determining the member’s annualised rate of pensionable earnings;
d
the Department must, having considered the advice of the scheme actuary, determine the pensionable earnings bands and contribution percentage rates in the table set out in this regulation in respect of each subsequent scheme year.
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 scheme employment, the number of days in the period beginning on the day the member commenced the period of pensionable service in the scheme employment 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 29th February, paragraph (6) has effect with the substitution for “365” of “366”.
Annualised rate of pensionable earnings | Member contributions rate | |
|---|---|---|
Transition members from Section II of the PCSPS(NI) | Other transition members and non-transition members | |
Up to but not including £15,001 | 4.6% | 4.6% |
£15,001 to but not including £23,501 | 4.6% | 4.6% |
£23,501 to but not including £54,501 | 5.45% | 5.45% |
£54,501 to but not including £150,001 | 7.35% | 7.35% |
£150,001 and above | 8.05% | 8.05% |
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