Paragraph 52 Employers’ ContributionsI1

For regulation G5 substitute—

“Employers’ contributions

G5.

(1)

In this regulation—

(a)

“relevant period” is to be construed in accordance with regulation G4(3),

(b)

the “net contribution rate” for any relevant period is the aggregate of the percentage specified for that period under regulation G4(3) and any percentage specified for that period under regulation G4(7) less any percentage specified for that period under regulation G4(8).

(2)

The employer of a person in pensionable employment is, during every relevant period, to pay contributions of the required percentage of the person’s contributable salary for the time being.

(3)

The required percentage for the relevant period starting on 1st April 2007 is 13.6%.

(4)

The required percentage for subsequent relevant periods shall be A‑X, where A is the net contribution rate as defined in paragraph (1)(b) and X is the percentage determined in accordance with regulation C2.

(5)

No contributions are to be paid in respect of any person to whom regulation E32(2) (a) (restriction of reckonable service to 45 years) has become applicable.”.