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
2020/2119.5%
2021/22 19.5%
2022/23 19.5%

The employers’ contribution rates are set out on pages 57 – 70 of the valuation report as at 31 March 2019.