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Employer contribution rates

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:

YearContribution Rate
2023/2419%
2024/2519%
2025/2619%