# The Public Service Pensions (Employer Cost Cap) Regulations 2014, Regulation 3: Specified margins

Extent: E+W+S+N.I.

The cost of the relevant scheme must remain within the following margins—
(a) an upper margin, being a rate of 3 percentage points above the employer cost cap of the scheme; and
(b) a lower margin, being a rate of 3 percentage points below the employer cost cap of the scheme.

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Source: https://www.legislation.gov.uk/uksi/2014/575/regulation/3 (the official version)
Page: https://openlegislation.uk/public-service-pensions-employer-cost-cap-regulations-2014/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.