(This note is not part of the Regulations)
These Regulations amend the Teachers’ Pension Scheme (Scotland) (No. 2) Regulations 2014 with effect from 1 April 2024. Section 3(3)(b) of the Public Service Pensions Act 2013 provides that scheme regulations may make retrospective provision.
Firstly, they substitute the table of employee contribution rates in regulation 179 with an updated table.
Secondly, they amend regulation 179 so that only the first three salary rate bands in the table of employee contribution rates will be increased annually in line with inflation.
Thirdly, they amend regulation 186 to provide for a new rate of employers’ contributions.