Employer contributions
This section has no associated Explanatory Memorandum
173.—(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.