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Regulation 2.C.2 Members' contribution rate

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Contributions under regulation 2.C.1(1) must be paid at the member’s contribution rate for the period in question.

(2)

Subject to paragraph (3), a member’s contribution rate for that period is the percentage specified in Column 2 of the following table in respect of the corresponding pensionable pay range specified in Column 1 into which the member’s pensionable earnings fall.

Column 1Column 2
Amount of pensionable payContribution rate
Up to £19,6825%
£19,683 to £65,0026.5%
£65,003 to £102,4997.5%
£102,500 to any higher amount8.5%
(3)

The Scottish Ministers may make a determination substituting any or all of the pensionable pay amounts or contribution rates specified in the table in paragraph (2) with effect from a date specified in the determination.

(4)

Before making a determination under paragraph (3), the Scottish Ministers must consider–

(a)

the advice of the scheme actuary; and

(b)

in accordance with regulation 1.B.2 (cost sharing), advice from such employee and employer representatives as the Scottish Ministers consider appropriate.