Regulation 17 Substitution of regulation 192 (Employers’ contributions)

For regulation 192 substitute—

“192.

In respect of each pay period, the employer of a person (P) in pensionable service in that pay period is to pay contributions on P’s pensionable earnings in the pay period at the following percentage rate of those earnings—

(a)

14.1% from 1st April 2015 until 31st August 2015 inclusive;

(b)

16.4% from 1st September 2015;

(c)

at the rate determined in each successive valuation report with effect from a date to be notified to employers by the scheme manager.”.