Regulation 4 Regulation 30
In regulation 30 (members’ contributions: employees)—
in paragraph (3)—
for the words from “M’s contribution rate” to “earnings fall.”, substitute—
“M’s contribution rate—
- (a)
for the scheme year 2015/16 is the percentage specified in column 2 of Table 1 below in respect of the corresponding pensionable earnings band specified in column 1 into which M’s pensionable earnings fall; and
- (b)
for the scheme year 2016/17 is the percentage specified in column 2 of Table 2 below in respect of the corresponding pensionable earnings band specified in column 1 into which M’s pensionable earnings fall.”;
for “Table: Scheme Year 2015/16”, substitute “Table 1”; and
at the end, insert—
“
Table 2
Column 1
Pensionable earnings band
Column 2
Contribution percentage rate
Up to £16,128 5.2% £16,129 to £21,817 5.8% £21,818 to £27,360 7.3% £27,361 to £50,466 9.5% £50,467 to £72,050 12.7% £72,051 to £112,490 13.7% £112,491 and above 14.7% ”
in paragraph (4), omit “in the table set out in this regulation”.