The Teachers’ Pension Scheme (Amendment) Regulations 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
16 Substitution of regulation 185 (Members’ contributions)
For regulation 185, substitute— 185. (1) For each eligible employment in respect of which an active member (P) is in pensionable service during a pay period, P must pay 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 corresponding to the band which includes the annual salary rate for that employment in Column 1. (3) The annual salary rate 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 financial 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 Annual salary rate for the eligible employment | Column 2 Members’ contributions rate £0 - £25,999 | 7.4% £26,000 - £34,999 | 8.6% £35,000 - £41,499 | 9.6% £41,500 - £54,999 | 10.2% £55,000 - £74,999 | 11.3% ≥ £75,000 | 11.7%
16 Substitution of regulation 185 (Members’ contributions)
For regulation 185, substitute— 185. (1) For each eligible employment in respect of which an active member (P) is in pensionable service during a pay period, P must pay 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 corresponding to the band which includes the annual salary rate for that employment in Column 1. (3) The annual salary rate 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 financial 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 Annual salary rate for the eligible employment | Column 2 Members’ contributions rate £0 - £25,999 | 7.4% £26,000 - £34,999 | 8.6% £35,000 - £41,499 | 9.6% £41,500 - £54,999 | 10.2% £55,000 - £74,999 | 11.3% ≥ £75,000 | 11.7%
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.