Regulation G5 Employers' contributionsI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. G5 coming into force by Teachers' Superannuation 1998 reg. A1
reg. E11(2(b) words inserted by Teachers' Superannuation 2005 reg. 19(3)
reg. E20(7(a) substituted by Teachers' Superannuation 2005 reg. 22(7)
reg. E20(7(c) words substituted by Teachers' Superannuation 2005 reg. 22(8)
reg. G5(2) substituted by Teachers' Superannuation 2005 reg. 8
reg. G5 substituted by Teachers’ Pensions etc. (Reform Amendments) 2007 Sch. 3 para. 52
reg. G5(1)(2) substituted for G5 (1)-(4) by Teachers' Superannuation 2014 reg. 16(2)
reg. G5 substituted by Teachers' Pensions 2015 reg. 5

(1)

Subject to paragraph (3), the employer of a person in pensionable employment shall, during every relevant period, pay contributions of the required percentage of his contributable salary for the time being.

(2)

The required percentage is

(A - 6) + B,

where—

A is the percentage specified for the relevant period under regulation G4(3); and
B is any percentage specified for the relevant period under regulation G4(7) and (8).

(3)

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

(4)

For the purposes of this regulation “relevant period” shall be construed in accordance with regulation G4(3).

Annotations

Commencement

I1: Reg. G5 in operation at 2.11.1998, see reg. A1