The Teachers’ Pensions etc. (Reform Amendments) Regulations 2006

Ordinary contributions

8.  For regulation C3 substitute—

“Ordinary contributions

C3.— (1) In this regulation “relevant period” is to be construed in accordance with regulation G4(3).

(2) A person, other than a services education officer, who is in pensionable employment is to pay contributions of—

(a) 6% of his contributable salary for the time being in respect of any period before 1st January 2007,

(b) 6.4% of his contributable salary for the time being in respect of the relevant period starting on 1st January 2007, and

(c) X% of his contributable salary for the time being in respect of any subsequent relevant period, where X is the net contribution rate as defined in regulation G5(1) (b) less the required percentage determined in accordance with regulation G5 (employers’ contributions).

(3) A services education officer is to pay contributions equivalent to the total of—

(a) the contributions specified in paragraph (2), and

(b) the employer’s contributions that would have been payable if regulation G5 had applied.

(4) A person who has made an election under regulation C2(1) shall, in addition to the contributions referred to in paragraph (2), pay contributions of the required percentage of the difference between the person’s actual contributable salary and the contributable salary at the rate referred to in regulation C2(4) to the extent that such contributions are not paid by any employer referred to in regulation G6 under an election mentioned in that regulation.

(5) No contributions are to be paid by any person to whom regulation E32(2)(a) (restriction of reckonable service to 45 years) has become applicable.”.