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Amendment of the 1998 Regulations

5.  For regulation G5 substitute—

Employers’ contributions

G5.(1) In respect of each pay period, the employer of a person (P) in pensionable service in that pay period is to pay contributions on P’s pensionable earnings in the pay period at the following percentage rate of those earnings—

(a)17.7% from 1st April 2015;

(b)at the rate determined in each successive valuation report with effect from the date to be notified to employers by the Department.

(2) 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..