Article 3 Contributions from salary

In sub–paragraph (2)(b) after the words “15^th July 2002” there shall be inserted the words “and ending before 1^st April 2004”.

At the end of sub–paragraph (2)(b) before the full stop there shall be inserted –

• “; and

  1. (c)

     in relation to a period beginning on or after 1^st April 2004,

     1. (i)

        is 10 per cent; or

     2. (ii)

        where a participant opts to contribute at a reduced rate, is 6 per cent”.

There shall be substituted for paragraph (2A) –

“(2A)

Where a person who is a Representative on 15^th July 2002 opts to contribute on or after 5^th July 2001 at the rate of 9 per cent, the appropriate percentage —

(a)

in relation to a payment of salary made in respect of a period beginning on or after 1^st April 1992 and ending before 5^th July 2001, is 6 per cent;

(b)

in relation to a period beginning on or after 5^th July 2001 and ending before 1^st April 2004, is 9 per cent; and

(c)

in relation to a period beginning on or after 1^st April 2004, is 10 per cent.”