The Teachers’ Superannuation (Amendment) (No. 2) Regulations (Northern Ireland) 2014

Amendment of Superannuation Regulations

3.—(1) Regulation C2 is amended as provided by paragraph (2).

(2) For paragraph (2) substitute—

“(2) (a) A person who is in pensionable employment is to pay contributions of—

(i) before 1^st April 2012, 6.4% of his contributable salary; and

(ii) from 1^st April 2012 to 31^st March 2013 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table A which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate;

(iii) from 1^st April 2013 to 31^st March 2014 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table B which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate.

(iv) on or after 1^st April 2014, for each month during which he is in pensionable employment, the percentage rate set out in table C which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate.

Table A

Full-time equivalent contributable salary band (£)	Contribution Rate
Below 15,000	6.4%
15,000 to 25,999	7.0%
26,000 to 31,999	7.3%
32,000 to 39,999	7.6%
40,000 to 74,999	8.0%
75,000 to 111,999	8.4%
112,000 and above	8.8%

Table B

Full-time equivalent contributable salary band (£)	Contribution Rate
Below 15,000	6.4%
15,000 to 25,999	7.0%
26,000 to 31,999	7.9%
32,000 to 39,999	8.8%
40,000 to 44,999	9.2%
45,000 to 74,999	10.1%
75,000 to 99,999	10.6%
100,000 and above	11.2%

Table C

Full-time equivalent contributable salary band (£)	Contribution Rate
Below 15,000	6.4%
15,000 to 25,999	7.2%
26,000 to 31,999	8.3%
32,000 to 39,999	9.5%
40,000 to 44,999	9.9%
45,000 to 74,999	11%
75,000 to 99,999	11.6%
100,000 and above	12.4%”