PART 10Contributions

Employer contributions173

1

The employer of an active member of this scheme (“the employer”) must pay contributions to this scheme in respect of the member at the rate of 25.1% of the member's annualised rate of pensionable earnings (“employer contributions”).

2

Employer contributions must be paid at the intervals the scheme manager, in accordance with actuarial guidance, may for the time being determine.

3

In addition, the employer must pay the following charges to this scheme at the rate and at the intervals the scheme manager may for the time being determine—

a

annual administration charges;

b

any other administrative charges.