What do I pay?
Your contribution rate depends on how much your are paid, but it will be between 5.5 and 7.5% of your pensionable pay. The rate you pay depends on which pay band you fall into.
If you work part-time, your rate will be based on the whole time pay rate for your job, although you will only pay contributions on the pay you actually earn.
Here are the pay bands that apply from April 2011:
| If your Whole Time Pay Rate is: | You pay a contribution rate of: |
| Up to £12,900 | 5.5% |
| More than £12,901 and up to £15,100 | 5.8% |
| More than £15,101 and up to £19,400 | 5.9% |
| More than £19,401 and up to £32,400 | 6.5% |
| More than £32,401 and up to £43,300 | 6.8% |
| More than £43,301 and up to £81,100 | 7.2% |
| More than £81,100 | 7.5% |
The pay band ranges will be increased each April in line with Government Policy.
Manual workers who paid the protected 5% rate at 31st March 2008 have been assimilated onto the above rates from 1st April 2011.
Councillors will continue to pay 6% until the regulations regarding
their membership are reviewed
Employers should notify memebrs whenever their pension contribution rate changes.
To view previous years Pay Bands, please use the links below.
Pension Contributions - April 2008
Pension Contributions - April 2009
Pension Contributions - April 2010
Pension Contributions - April 2012
| 30/08/2011 |