2

For each of a member's pensionable employments, the member must pay contributions on the member's contributable salary in that employment at the percentage rate of employees' contributions.

3

The percentage rate of employees' contributions for a pensionable employment is the rate in Column 2 of the table corresponding to the band for the annual salary in Column 1.

4

The annual salary bands in Column 1 are increased for each financial year, if there is a relevant increase in the consumer prices index for that financial year, by the appropriate percentage for the financial year, rounded up to the nearest £1.

5

There is a relevant increase in the consumer prices index for a financial year if the consumer prices index for the month of September before that financial year is higher than that for the previous September.

6

The appropriate percentage for the financial year is the same percentage as the percentage increase in the consumer prices index for that year.

7

In this regulation, “consumer prices index” means the all items consumer prices index published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007 M1.

Table

Column 1Annual salary for the pensionable employment for the financial year 2015-16	Column 2Employees' contribution rate
£0 - £25,999	7.4%
£26,000 - £34,999	8.6%
£35,000 - £41,499	9.6%
£41,500 - £54,999	10.2%
£55,000 - £74,999	11.3%
≥ £75,000	11.7%.

2

The percentage rate is—

a

14.1% from 1st April 2015 until 30th August 2015 inclusive;

b

16.4% from 1st September 2015;

c

the rate determined in each successive valuation report with effect from a date to be notified to employers by the Secretary of State.