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4. In regulation 30 (members’ contributions: employees)—
(a)in paragraph (3)—
(i)for the words from “M’s contribution rate” to “earnings fall.”, substitute—
“M’s contribution rate—
for the scheme year 2015/16 is the percentage specified in column 2 of Table 1 below in respect of the corresponding pensionable earnings band specified in column 1 into which M’s pensionable earnings fall; and
for the scheme year 2016/17 is the percentage specified in column 2 of Table 2 below in respect of the corresponding pensionable earnings band specified in column 1 into which M’s pensionable earnings fall.”;
(ii)for “Table: Scheme Year 2015/16”, substitute “Table 1”; and
(iii)at the end, insert—
Column 1 Pensionable earnings band | Column 2 Contribution percentage rate |
---|---|
Up to £16,128 | 5.2% |
£16,129 to £21,817 | 5.8% |
£21,818 to £27,360 | 7.3% |
£27,361 to £50,466 | 9.5% |
£50,467 to £72,050 | 12.7% |
£72,051 to £112,490 | 13.7% |
£112,491 and above | 14.7%” |
(b)in paragraph (4), omit “in the table set out in this regulation”.