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 |
|---|---|
| 2023/24 | 19% |
| 2024/25 | 19% |
| 2025/26 | 19% |