Penison Contribution Rates - School Rep Bulletin

Pension Contribution Rates - February 2015

New Pension Contributions rates from 1 April 2015

For all scheme Members

1. The tiered structure and rates for employee contributions are changing.
2. A members actual pay rather than whole time equivalent pay should be used to determine the
contribution rate due.

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Employer contribution rates from 1 April 2015
1.  The current employer contribution rate of 14.9% will continue to apply until 31 August 2015.
2.  Employer contributions from 1 September 2015 will rise to 17.2%.