- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
5.—(1) Subject to paragraphs (4) and (5) below, there shall be deducted by the Treasury from each payment of salary to a participant made pursuant to section 1 of the 1979 Act an amount equal to the appropriate percentage thereof by way of contributions towards the cost of providing the pensions payable under this Order.
(2) For the purposes of paragraph (1) the appropriate percentage in the case of a period beginning on or after 1st April 1992 shall be six per cent.
(3) If a participant elects to forego, for any period, the whole or part of his salary as a Representative he shall for the purpose of this Order be deemed to have paid during that period the amounts required by paragraph (1) of this article in respect of the amounts he elects to forego.
(4) Where in respect of any person who became a participant in the scheme on or after 1st June 1989, his annual salary as a Representative exceeds the permitted maximum, the contributions deducted from that annual salary shall be limited to the appropriate percentage (as defined in paragraph (2) above) of that permitted maximum.
(5) Where a participant’s aggregate period of reckonable service exceeds that which would give rise to the maximum pension allowed in respect of that person under article 7(3) or (4) below, no deduction shall be made from his salary under this article.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: