Part GFinance

Employers' contributionsG5

1

Subject to paragraph (3), the employer of a person in pensionable employment shall, during every relevant period, pay contributions of the required percentage of his contributable salary for the time being.

2

The required percentage is

(A-6)+B,math

where—

  • A is the percentage specified for the relevant period under regulation G4(3); and

  • B is any percentage specified for the relevant period under regulation G4(7) and (8).

3

No contributions shall be paid in respect of anyone to whom regulation E32(2)(a) (restriction of reckonable service to 45 years) has become applicable.

4

For the purposes of this regulation “relevant period” shall be construed in accordance with regulation G4(3).