PART 9Contributions

CHAPTER 5Deduction and payment of contributions

Deduction of contributions from pensionable earnings193

1

This regulation applies to any person (P) who is in pensionable service.

2

In each pay period, P's employer must deduct the following contributions from P's pensionable earnings—

a

P's members' contributions for that employment;

b

any faster accrual contributions relating to that employment;

c

any additional pension contributions payable monthly (if P has nominated the employer to deduct those contributions);

d

any buy-out contributions (if P has nominated the employer to deduct those contributions).

3

If P's employer does not deduct contributions in the appropriate pay period, P's employer may deduct the contributions in a subsequent pay period (but this paragraph does not affect regulation 196(2) (payment by employers to scheme manager)).

4

If P is in pensionable service in more than one employment—

a

any additional pension contributions or buy-out contributions must be deducted by the employer nominated by P; and

b

if in any pay period the contributions are more than the pensionable earnings paid to P by that employer, any remaining contributions must be deducted by the other employer (or, if there is more than one other employer, by whichever other employer is nominated by P).