Amendment of regulation 161
17.—(1) Regulation 161 (Members’ contribution rate) is amended as provided by paragraphs (2) to (4).
(2) For paragraphs (1) to (4), substitute—
“(1) Contributions under regulation 160(1) must be paid at the member’s contribution rate for the scheme year in question.
(2) A member’s contribution rate is the percentage specified in column 2 of the relevant table in paragraph (17) in respect of the corresponding pensionable earnings band specified in column 1 of that table into which the member’s pensionable earnings falls.
(3) The pensionable earnings bands and contribution percentage rates shall be determined in accordance with the relevant table in respect of each scheme year.”.
(3) In paragraphs (5), (6), (8) and (9), for “the table in paragraph (2)” in each place substitute “the relevant table in paragraph (17)”.
(4) After paragraph (16), add—
“(17) For the purposes of this regulation “the relevant table” means—
(a)in respect of the 2009-2010 scheme year, table 1;
(b)in respect of the 2010-2011 and any later scheme year, table 2.
Table 1: Scheme Year 2009-2010
| Column 1 | Column 2 |
|---|---|
| Pensionable earnings band | Contribution percentage rate |
| Up to £20,709 | 5% |
| £20,710 to £68,392 | 6.5% |
| £68,393 to £107,846 | 7.5% |
| £107,847 to any higher amount | 8.5% |
Table 2: Scheme Year 2010-2011
| Column 1 | Column 2 | |
|---|---|---|
| Pensionable earnings band | Contribution percentage rate | |
| Up to £21,175 | 5% | |
| £21,176 to £69,931 | 6.5% | |
| £69,932 to £110,273 | 7.5% | |
| £110,274 to any higher amount | 8.5%.” |