PART 9

Contributions
CHAPTER 2

Members’ contributions

Members’ contributions
185
1
For each eligible employment in respect of which an active member (P) is in pensionable employment during a pay period, P must pay contributions (“members’ contributions”) on P’s pensionable earnings in that pay period at the rate determined under this regulation (“members’ contributions rate”).
2
The members’ contributions rate for an eligible employment is the rate in Column 2 of the table which corresponds to the band which includes the salary for that employment in Column 1.
3
The salary bands in Column 1 are increased for each financial year, if there is a relevant increase in the consumer prices index for that financial year, by the appropriate percentage for the financial year, rounded up to the nearest £1.
4
There is a relevant increase in the consumer prices index for a financial year if the consumer prices index for the month of September before that financial year is higher than that for the previous September.
5
The appropriate percentage for the tax year is the same percentage as the percentage increase in the consumer prices index.
6
In this regulation, “consumer prices index” means the all items consumer prices index published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007 .

Table
Column 1 Salary for the eligible employment for the financial year 2015-16 | Column 2 Members’ contribution rate
£0 - £25,999 | 7.4%
£26,000 - £34,999 | 8.6%
£35,000 to £41,499 | 9.6%
£41,500 to £54,999 | 10.2%
£55,000 to £74,999 | 11.3%
£75,000 or above | 11.7%

Contributions under Schedule 2
186
Schedule 2 has effect for the purpose of enabling—
a
payment of additional pension contributions by lump sum; and
b
monthly payments of—
i
faster accrual contributions;
ii
additional pension contributions; and
iii
buy-out contributions.

Contributions payable during a period of permanent service in the armed forces
187
1
This regulation applies if—
a
an election under regulation 26 has effect in respect of a period of permanent service; and
b
the member (P) pays contributions by monthly payments.
2
Unless paragraph (3) applies, the amount of P’s contributions in respect of any pay period that falls within the period of permanent service is the total of—
a
the amount of members’ contributions payable in respect of P’s notional salary; and
b
any contributions under Schedule 2 payable monthly.
3
This paragraph applies if during the period of permanent service, P’s permanent service pay, when aggregated with any payments under Part 5 of the Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951 (“aggregated pay”), is less than the amount of P’s notional salary for that period.
4
If paragraph (3) applies—
a
the amount of P’s aggregated pay in a pay period is taken to be the amount of P’s pensionable earnings for that period; and
b
P’s contributions in that period are payable at the members’ contributions rate.
2007 c.18.
1951 c. 65.