You pay contributions towards the cost of your pension benefits. These are set as a percentage of your 'pensionable pay'. If you are ineligible for ill-health benefits you will pay contributions at a reduced rate.
In PPS, members' contributions meet about a third of the estimated cost of providing pensions and other benefits (the remaining cost being met by employers' contributions and central government).
From 2014
|
2013/2014
|
2012/2013
|
2011/2012
|
|
Total Officer Contributions – Tier 1 |
n/a
|
n/a
|
n/a
|
n/a
|
Total Officer Contributions – Tier 2 |
14.25%
|
13.50%
|
12.25%
|
11.00%
|
Total Officer Contributions – Tier 3 |
15.05%
|
14.00%
|
12.50%
|
11.00%
|
Tier 1 is those on a basic annual salary of under £27,000.
Tier 2 is those on a basic annual salary of more than £27,000 but less than £60,000.
Tier 3 is those on a basic annual salary of more than £60,000 and over.
For those officers who are part time, the tier is determined by their whole time equivalent salary.