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Employer contribution rates

Employers pay the balance of the cost of providing members' benefits in the Scheme – this is normally a percentage of pensionable pay.

Every three years, the Scheme’s actuary undertakes a review to determine each employer’s contribution rate for the following three years.  The majority of employers have a percentage contribution rate and some have additional deficit recovery contributions.  The percentage contributions for employers in the main group for the following three years are:

 YearContribution Rate
2024/25 19.0%

The employers’ contribution rates are set out on pages 46-53 of the valuation report as at 31 March 2022, available in the ‘Downloads’ box below.

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