Can employers take a contribution holiday?

No. Once the actuary certifies the contributions for a year then they must be paid over in that year. NILGOSC provided all employers with the 2019 Valuation Report on 31 March 2020. This report included the actuary’s Rates and Adjustments Certificate that states the minimum contributions that are payable each Scheme year from 1 April 2020 to 31 March 2023. NILGOSC expects all employers to remit their monthly contributions as set out in the Employer Guide (Section 13.2), Pensions Administration Strategy (page 5) and Funding Strategy Statement (section 5.2.2). Any employers with financial difficulties should contact NILGOSC directly.