Regulation 3 Amendment of the Teachers’ Pension Scheme (Scotland) (No. 2) Regulations 2014

In regulation 179 (contributions for standard earned pension)—

(a)

for the table in paragraph (2), substitute—

“

Column 1

Annual Salary rate for the eligible

employment

Column 2

Standard contributions rate

Up to and including £34,286 7.35%
£34,287 to £46,155 8.88%
£46,156 to £54,278 9.90%
£54,279 to £67,975 10.61%
£67,976 to £92,693 11.73%
£92,694 and above 12.14%

”.

Column 1 Annual Salary rate for the eligible employment	Column 2 Standard contributions rate
Up to and including £34,286	7.35%
£34,287 to £46,155	8.88%
£46,156 to £54,278	9.90%
£54,279 to £67,975	10.61%
£67,976 to £92,693	11.73%
£92,694 and above	12.14%

(b)

in paragraph (3), after “bands in” insert “the first, second and third rows in”,

(c)

after paragraph (3) insert—

“(3A)

The lower threshold of the annual salary rate band in the fourth row in Column 1 is increased for each financial year, if there is a relevant increase in the consumer prices index for that financial year, by the appropriate percentage for the financial year, rounding up to the nearest £1.”.