Amendment of regulation 161
This section has no associated Explanatory Memorandum
35. In regulation 161 (Members’ contribution rate), for paragraph (17)(1) substitute—
“(17) For the purposes of this paragraph, the “relevant table” means—
(a)in respect of the 2014-2015 scheme year, Table 1;
(b)in respect of the 2015-2016 to 2018-2019 scheme years, Table 2.
Table 1
Scheme Year 2014-15
Column 1 Pensionable Earnings Band | Column 2 Contribution Percentage Rate |
---|---|
Up to £15,431 | 5% |
£15,432 to £21,477 | 5.6% |
£21,478 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% |
Table 2
Scheme Years 2015-2016 to 2018-2019
Column 1 Pensionable Earnings Band | Column 2 Contribution Percentage Rate |
---|---|
Up to £15,431 | 5% |
£15,432 to £21,477 | 5.6% |
£21,478 to £26,823 | 7.1% |
£26,824 to £47,845 | 9.3% |
£47,846 to £70,630 | 12.5% |
£70,631 to £111,376 | 13.5% |
£111,377 to any higher amount | 14.5%”. |
(1)
Paragraph (17) was substituted by S.R. 2014 No.59, regulation 8 and amended by S.R. 2015 No.56 regulation 8