Explanatory note

These Regulations fix the rate of supplementary contributions to be paid by teachers' employers for the period 1st April 2000 to 31st March 2002 at 0.4% of contributable salaries of those in pensionable employment. They also require the Government Actuary to produce a supplementary report in relation to the financial year ending 31st March 1996 specifying the rate of supplementary contributions to be paid from 1st April 2002 to remove over the 40 year period from 1st April 2000 the deficiency between the assets and liabilities of the Teachers' Pension Scheme as stated in the Government Actuary’s report on the actuarial review covering the period 1991–1996 made under paragraph 7 of Schedule 15 to the Teachers' Pensions Regulations 1997.