Your employer pays the balance of the cost of providing your benefits in the Scheme – this is normally a percentage of your pensionable pay. Every three years an independent review is undertaken to calculate how much each employer should contribute. The majority of employers contribute a percentage contribution rate and some employers have additional deficit recovery contributions. The percentage contribution rates for the majority of employers, for the following three years are:
| Year | Contribution Rate |
|---|---|
| 2026/27 | 15.5% |
| 2027/28 | 15.5% |
| 2028/29 | 15.5% |