3. In regulation 134 (Rate of member contributions)—
(a)for paragraph (4), substitute—
“(4) In this regulation—
(a)for the purpose of calculating the rate of member contributions, pensionable earnings are determined in relation to each pay period and are the sum of;
(i)the member’s basic amount of pensionable salary; and
(ii)the member’s permanent pensionable allowances; and
(iii)the member’s fluctuating pensionable earnings;
(b)the member contributions rate during scheme year 1st April 2019 to 31st March 2020 is the relevant percentage rate set out in the table in this regulation, which applies to a member’s annualised rate of pensionable earnings calculated in relation to each payment of a member’s pensionable earnings;
(c)for the purpose of this regulation, the total pensionable earnings in relation to a payment excludes any arrears or retrospective element when determining the member’s annualised rate of pensionable earnings;
(d)the Department must, having considered the advice of the scheme actuary, determine the pensionable earnings bands and contribution percentage rates in the table set out in this regulation in respect of each subsequent scheme year.”;
(b)omit each of the four tables after regulation 134(8);
(c)after regulation 134(8) insert—
| Annualised rate of pensionable earnings | Member contributions rate | |
|---|---|---|
| Transition members from Section II of the PCSPS(NI) | Other transition members and non-transition members | |
| Up to but not including £15,001 | 4.6% | 4.6% |
| £15,001 to but not including £23,501 | 4.6% | 4.6% |
| £23,501 to but not including £54,501 | 5.45% | 5.45% |
| £54,501 to but not including £150,001 | 7.35% | 7.35% |
| £150,001 and above | 8.05% | 8.05%” |