Amendment of regulation 161
This section has no associated Explanatory Memorandum
8. In regulation 161 (Members contribution rate), for paragraph (17)(1) substitute—
“(17) For the purposes of this regulation, “the relevant table” means—
(a)in respect of the 2013-2014 scheme year, Table 1;
(b)in respect of the 2014-2015 scheme year, Table 2.
Table 1
Scheme Year 2013-2014
| Column 1 | Column 2 |
|---|---|
| Pensionable Earnings band | Contribution percentage rate |
Up to £15,431 £15,432 to £21,387 | 5% 5.3% |
| £21,388 to £26,823 | 6.8% |
| £26,824 to £49,472 | 9% |
| £49,473 to £70,630 | 11.3% |
| £70,631 to £111,376 | 12.3% |
| £111,377 to any higher amount | 13.3% |
Table 2
Scheme Year 2014-2015
| Column 1 | Column 2 |
|---|---|
| Pensionable Earnings band | Contribution percentage rate |
| Up to £15,431 | 5% |
| £15,432 to £21,387 | 5.6% |
| £21,388 to £26,823 | 7.1% |
| £26,824 to £49,472 | 9.3% |
| £49,473 to £70,630 | 12.5% |
| £70,631 to £111,376 | 13.5% |
| £111,377 to any higher amount | 14.5%”. |
(1)
Paragraph (17) was inserted by S.R. 2010 No.420, regulation 17(4) and substituted by S.R. 2012 No.78, regulation 18; S.R. 2013 No.73, regulation 17 and amended by S.R. 2013 No.247, regulation 9