The Public Service (Civil Servants and Others) Pensions Regulations 2014
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134 Rate of member contributions
(1) An active member of this scheme must pay contributions to this scheme (“member contributions”) on the member’s pensionable earnings for each pay period at a rate determined under this regulation (“member contributions rate”). (2) The member contributions rate which applies to a member’s pensionable earnings is the rate which applies when the member’s pensionable earnings are paid. (3) For the purposes of paragraph (2), (i) assumed pay for any pay period is treated as having been paid when pensionable earnings for that period would have been paid had the circumstances in regulation 27(3) which apply to the member not applied; and (ii) payment of the money value of any benefit in kind which forms part of a member’s pensionable earnings is treated as having been made at a time or apportioned across a period of time as determined by the scheme manager. (4) The member contributions rate during a scheme year to which a table set out in this regulation applies is the percentage, set out in the table, which applies to a member’s annualised rate of pensionable earnings calculated in relation to each payment of a member’s pensionable earnings. (5) Where the member’s pensionable earnings for a scheme year are payable to the member in 12 instalments, the member’s annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound— 12 P where P is the amount of a payment of the member’s pensionable earnings. (6) Where the member’s pensionable earnings for a scheme year are payable otherwise than in 12 instalments, the member’s annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound— P × 365 N where— P is the amount of a payment of the member’s pensionable earnings; and N is the number of days in the applicable payment period. (7) For the purposes of paragraph (6) the applicable payment period is— (a) if it is the member’s first payment of pensionable earnings in relation to a continuous period of pensionable service in a scheme employment, the number of days in the period beginning on the day the member commenced the period of pensionable service in the scheme employment and ending on the day before the day that this payment was made; or (b) in any other case, the period beginning on the day the previous payment of the member’s pensionable earnings was made and ending on the day before the day that this payment was made. (8) If the scheme year in which the payment of pensionable earnings is made includes 29th February, paragraph (6) has effect with the substitution for “365” of “366”. Scheme Year 1st April 2015 to 31st March 2016 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 3% | 4.6% £15,001 to but not including £21,001 | 4.6% | 4.6% £21,001 to but not including £47,001 £47,001 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme year 1st April 2016 to 31st March 2017 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 3.8% | 4.6% £15,001 to but not including £21,211 | 4.6% | 4.6% £21,211 to but not including £48,472 £48,472 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme Year 1st April 2017 to 31st March 2018 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 4.6% | 4.6% £15,001 to but not including £21,423 | 4.6% | 4.6% £21,423 to but not including £51,006 £51,006 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme Year 1st April 2018 to 31st March 2019 and Scheme Year 1st April 2019 to 31st March 2020 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 4.6% | 4.6% £15,001 to but not including £21,637 | 4.6% | 4.6% £21,637 to but not including £51,516 £51,516 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme Year 1st April 2020 to 31st March 2021 Annualised rate of pensionable earnings | Member contributions rate Up to but not including £22,601 | 4.6% £22,601 to but not including £54,901 | 5.45% £54,901 to but not including £150,001 | 7.35% £150,001 and above | 8.05% Scheme Year 1st April 2021 to 31st March 2022 and 1st April 2022 to 31st March 2023 Annualised rate of pensionable earnings | Member contribution rates Up to but not including £23,101 | 4.6% £23,101 up to but not including £56,001 | 5.45% £56,001 up to but not including £150,001 | 7.35% £150,001 and above | 8.05% Scheme Year 1st April 2023 to 31st March 2024 and subsequently Annualised rate of pensionable earnings | Member contributions rate Up to but not including £32,001 | 4.6% £32,001 to but not including £56,001 | 5.45% £56,001 to but not including £150,001 | 7.35% £150,001 and above | 8.05% (9) The figures in the column headed “Annualised rate of pensionable earnings” of the table headed “Scheme Year 1st April 2023 to 31st March 2024 and subsequently” (except for the figures of £56,001 and £150,001) are to be increased on 1st April 2024, 1st April 2025 and 1st April 2026 if there is a relevant increase in the consumer prices index or, should the Minister decide, any other index of the general level of prices in the United Kingdom, by the appropriate percentage for the scheme year rounded up to the nearest £100. (10) The figures in the column headed “Annualised rate of pensionable earnings” of the table headed “Scheme Year 1st April 2023 to 31st March 2024 and subsequently” (except for the figure of £150,001) are to be increased on 1st April 2027 and on 1st April of each subsequent scheme year, if there is a relevant increase in the consumer prices index or, should the Minister decide, any other index of the general level of prices in the United Kingdom, by the appropriate percentage for the scheme year rounded up to the nearest £100. (11) For the purposes of paragraphs (9) and (10), where there is a relevant increase after 1st April 2024, the figures to be increased on the relevant date are the figures applicable to the previous scheme year. (12) There is a relevant increase in the consumer prices index or any index of the general level of prices in the United Kingdom for a scheme year if that index for the month of September before that scheme year is higher than that for the previous September. (13) The appropriate percentage for the scheme year is the same percentage as any percentage increase in the consumer prices index or any other index decided by the Minister over the period specified by paragraph (12). (14) For the purposes of paragraphs (9), (10), (12) and (13), “consumer prices index” means the general index of consumer prices (for all items) published by the Statistics Board.
134 Rate of member contributions
(1) An active member of this scheme must pay contributions to this scheme (“member contributions”) on the member’s pensionable earnings for each pay period at a rate determined under this regulation (“member contributions rate”). (2) The member contributions rate which applies to a member’s pensionable earnings is the rate which applies when the member’s pensionable earnings are paid. (3) For the purposes of paragraph (2), (i) assumed pay for any pay period is treated as having been paid when pensionable earnings for that period would have been paid had the circumstances in regulation 27(3) which apply to the member not applied; and (ii) payment of the money value of any benefit in kind which forms part of a member’s pensionable earnings is treated as having been made at a time or apportioned across a period of time as determined by the scheme manager. (4) The member contributions rate during a scheme year to which a table set out in this regulation applies is the percentage, set out in the table, which applies to a member’s annualised rate of pensionable earnings calculated in relation to each payment of a member’s pensionable earnings. (5) Where the member’s pensionable earnings for a scheme year are payable to the member in 12 instalments, the member’s annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound— 12 P where P is the amount of a payment of the member’s pensionable earnings. (6) Where the member’s pensionable earnings for a scheme year are payable otherwise than in 12 instalments, the member’s annualised rate of pensionable earnings is calculated as follows, rounded down to the nearest whole pound— P × 365 N where— P is the amount of a payment of the member’s pensionable earnings; and N is the number of days in the applicable payment period. (7) For the purposes of paragraph (6) the applicable payment period is— (a) if it is the member’s first payment of pensionable earnings in relation to a continuous period of pensionable service in a scheme employment, the number of days in the period beginning on the day the member commenced the period of pensionable service in the scheme employment and ending on the day before the day that this payment was made; or (b) in any other case, the period beginning on the day the previous payment of the member’s pensionable earnings was made and ending on the day before the day that this payment was made. (8) If the scheme year in which the payment of pensionable earnings is made includes 29th February, paragraph (6) has effect with the substitution for “365” of “366”. Scheme Year 1st April 2015 to 31st March 2016 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 3% | 4.6% £15,001 to but not including £21,001 | 4.6% | 4.6% £21,001 to but not including £47,001 £47,001 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme year 1st April 2016 to 31st March 2017 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 3.8% | 4.6% £15,001 to but not including £21,211 | 4.6% | 4.6% £21,211 to but not including £48,472 £48,472 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme Year 1st April 2017 to 31st March 2018 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 4.6% | 4.6% £15,001 to but not including £21,423 | 4.6% | 4.6% £21,423 to but not including £51,006 £51,006 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme Year 1st April 2018 to 31st March 2019 and Scheme Year 1st April 2019 to 31st March 2020 Annualised rate of pensionable earnings | Member contributions rate Transition members from Section II of the PCSPS | Other transition members and non-transition members Up to but not including £15,001 | 4.6% | 4.6% £15,001 to but not including £21,637 | 4.6% | 4.6% £21,637 to but not including £51,516 £51,516 to but not including £150,001 | 5.45% 7.35% | 5.45% 7.35% £150,001 and above | 8.05% | 8.05% Scheme Year 1st April 2020 to 31st March 2021 Annualised rate of pensionable earnings | Member contributions rate Up to but not including £22,601 | 4.6% £22,601 to but not including £54,901 | 5.45% £54,901 to but not including £150,001 | 7.35% £150,001 and above | 8.05% Scheme Year 1st April 2021 to 31st March 2022 and 1st April 2022 to 31st March 2023 Annualised rate of pensionable earnings | Member contribution rates Up to but not including £23,101 | 4.6% £23,101 up to but not including £56,001 | 5.45% £56,001 up to but not including £150,001 | 7.35% £150,001 and above | 8.05% Scheme Year 1st April 2023 to 31st March 2024 and subsequently Annualised rate of pensionable earnings | Member contributions rate Up to but not including £32,001 | 4.6% £32,001 to but not including £56,001 | 5.45% £56,001 to but not including £150,001 | 7.35% £150,001 and above | 8.05% (9) The figures in the column headed “Annualised rate of pensionable earnings” of the table headed “Scheme Year 1st April 2023 to 31st March 2024 and subsequently” (except for the figures of £56,001 and £150,001) are to be increased on 1st April 2024, 1st April 2025 and 1st April 2026 if there is a relevant increase in the consumer prices index or, should the Minister decide, any other index of the general level of prices in the United Kingdom, by the appropriate percentage for the scheme year rounded up to the nearest £100. (10) The figures in the column headed “Annualised rate of pensionable earnings” of the table headed “Scheme Year 1st April 2023 to 31st March 2024 and subsequently” (except for the figure of £150,001) are to be increased on 1st April 2027 and on 1st April of each subsequent scheme year, if there is a relevant increase in the consumer prices index or, should the Minister decide, any other index of the general level of prices in the United Kingdom, by the appropriate percentage for the scheme year rounded up to the nearest £100. (11) For the purposes of paragraphs (9) and (10), where there is a relevant increase after 1st April 2024, the figures to be increased on the relevant date are the figures applicable to the previous scheme year. (12) There is a relevant increase in the consumer prices index or any index of the general level of prices in the United Kingdom for a scheme year if that index for the month of September before that scheme year is higher than that for the previous September. (13) The appropriate percentage for the scheme year is the same percentage as any percentage increase in the consumer prices index or any other index decided by the Minister over the period specified by paragraph (12). (14) For the purposes of paragraphs (9), (10), (12) and (13), “consumer prices index” means the general index of consumer prices (for all items) published by the Statistics Board.
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