Following the 2019 triennial valuation of the Scheme, the actuary set the employer contribution rates for the three years from 1 April 2020. Due to uncertainty regarding the impact of the COVID-19 pandemic on the funding of the Scheme at that time the actuary and the Committee reserved the right to review and increase the employer contributions for the years 2021/22 and 2022/23. Circular 08/2020 issued on 7 October 2020 advised employers that the contribution rates set by the actuary and stated in the Rates and Adjustments Certificate will apply for 2021/22 and 2022/23. There will be no change from the rates certified.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.