{
  "url": "https://openlegislation.uk/public-service-pensions-employer-cost-cap-regulations-2014/regulation-3",
  "json_url": "https://openlegislation.uk/public-service-pensions-employer-cost-cap-regulations-2014/regulation-3.json",
  "legislation": "uksi/2014/575",
  "legislation_title": "The Public Service Pensions (Employer Cost Cap) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/public-service-pensions-employer-cost-cap-regulations-2014",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Specified margins",
  "text": "The cost of the relevant scheme must remain within the following margins—\n(a) an upper margin, being a rate of 3 percentage points above the employer cost cap of the scheme; and\n(b) a lower margin, being a rate of 3 percentage points below the employer cost cap of the scheme.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in reg. 3(a) substituted (3.8.2022) by The Public Service Pensions (Employer Cost Cap and Specified Restricted Scheme) Regulations 2022 (S.I. 2022/787), regs. 1, 3(2)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in reg. 3(b) substituted (3.8.2022) by The Public Service Pensions (Employer Cost Cap and Specified Restricted Scheme) Regulations 2022 (S.I. 2022/787), regs. 1, 3(2)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 3 in force at 1.4.2014, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/575/regulation/3",
    "retrieved_at": "2026-10-29T00:23:55.289129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}