Amendment of regulation 30
This section has no associated Explanatory Memorandum
20.—(1) Regulation 30 (Members’ contributions: employees)(1) is amended as follows.
(2) In paragraph (3)—
(a)after “the scheme year 2022/23” insert “(from 1 November 2022) and scheme year 2023/24 and each subsequent scheme year;
(b)for the table in paragraph (3), substitute—
“Table Scheme Year 2022/23 (from 1 November 2022) and Scheme Year 2023/24 and each subsequent scheme year.
| Column 1 Pensionable earnings band | Column 2 Contribution percentage rate |
|---|---|
| Up to £13,246 | 5.1% |
| £13,247 to £16,831 | 5.7% |
| £16,832 to £22,878 | 6.1% |
| £22,879 to £23,948 | 6.8% |
| £23,949 to £28,223 | 7.7% |
| £28,224 to £29,179 | 8.8% |
| £29,180 to £43,805 | 9.8% |
| £43,806 to £49,245 | 10.0% |
| £49,246 to £56,163 | 11.6% |
| £56,164 to £72,030 | 12.5% |
| £72,031 and above | 13.5%” |
(3) In paragraph (3A)—
(a)after “the scheme year 2022/23” insert “(from 1 November 2022) and scheme year 2023/24 and each subsequent scheme year”;
(b)for the table in paragraph (3A), substitute—
“Table Scheme Year 2022/23 (from 1 November 2022) and Scheme Year 2023/24 and each subsequent scheme year
| Column 1 Pensionable earnings band | Column 2 Contribution percentage rate |
|---|---|
| Up to £13,246 | 5.1% |
| £13,247 to £16,831 | 5.7% |
| £16,832 to £22,878 | 6.1% |
| £22,879 to £23,948 | 6.8% |
| £23,949 to £28,223 | 7.7% |
| £28,224 to £29,179 | 8.8% |
| £29,180 to £43,805 | 9.8% |
| £43,806 to £49,245 | 10.0% |
| £49,246 to £56,163 | 11.6% |
| £56,164 to £72,030 | 12.5% |
| £72,031 and above | 13.5%” |
(1)
Regulation 30 as amended by S.R. 2019 No.62, regulation 14 and S.R 2022 No.244.