OpenLegislation

Regulation 4 Regulation 30

Original text. Later amendments are not shown.

In regulation 30 (members’ contributions: employees)—

(a)

in paragraph (3)—

(i)

for the words from “M’s contribution rate” to “earnings fall.”, substitute—

  • “M’s contribution rate—

    1. (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

    2. (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.”;

(ii)

for “Table: Scheme Year 2015/16”, substitute “Table 1”; and

(iii)

at the end, insert—

“

Table 2

Column 1

Pensionable earnings band

Column 2

Contribution percentage rate

Up to £16,1285.2%
£16,129 to £21,8175.8%
£21,818 to £27,3607.3%
£27,361 to £50,4669.5%
£50,467 to £72,05012.7%
£72,051 to £112,49013.7%
£112,491 and above14.7%

”

(b)

in paragraph (4), omit “in the table set out in this regulation”.