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The Parliamentary Contributory Pension Fund (Exchequer Contribution) Regulations 1992
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- UK Statutory Instruments
- 1992 No. 600
- Regulation 3
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Exchequer contribution to the Fund
3.—(1) The amount of the Exchequer contribution to be paid into the Fund under section 3(1) of the 1987 Act in respect of each financial year during the period referred to in regulation 3(2) shall be 6.8 per cent of the amount of the salaries, attributable to the financial year in question, of the persons described in section 2(2) of the 1987 Act, in respect of which those persons contribute to the Fund in relation to that financial year.
(2) The period during which the Exchequer contribution is to be calculated as described in regulation 3(1) is the period from 1 April 1992 until the beginning of the first financial year in respect of which the Government Actuary, in his first report made under section 3(3) of the 1987 Act after the coming into force of these Regulations, recommends the rate at which the Exchequer contribution should be paid into the Fund.
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