Contribution Information
Your contribution rate depends on how much you are paid but it will be between 5.5 and 7.5% of your pensionable pay. The rate you pay depends on which pay band you fall into. It is your employer's responsibility to tell you which band you have been allocated to and whenever it changes.
The contribution rate for those manual workers who joined the Scheme before 1 April 1998 and were protected to pay contributions at a rate of 5% will be brought into line with all other Scheme members on a phased basis by 1 April 2011.
If you work part time, your rate will be based on the whole time pay rate for your job, although you will only pay contributions on the pay you actually earn. If you are either full or part time and your job specifically requires "term time only" working, you will have the whole time equivalent pensionable pay reduced to account for the non paid weeks.
Here are the pay bands that apply from April 2009.
Band |
Whole time equivalent pay rate |
Contribution rate |
|---|---|---|
1 | £0 to £12,600 | 5.5 per cent |
2 | £12,601 to £14,700 | 5.8 per cent |
3 | £14,701 to £18,900 | 5.9 per cent |
4 | £18,901 to £31,500 | 6.5 per cent |
5 | £31,501 to £42,000 | 6.8 per cent |
6 | £42,001 to £78,700 | 7.2 per cent |
7 | £78,701 | 7.5 per cent |
Band ranges normally increase each April in line with inflation, based on the Retail Price Index (RPI) in the previous September. Since the September 2009 RPI was minus 1.4%, contribution bands will remain unchanged for 2010.
As a member of the Local Government Pension Scheme (LGPS), your contributions will attract tax relief at the time they are deducted from your pay and you will be contracted out of the State Second Pension scheme (S2P). Whilst you are a member of the LGPS you will, prior to State Pension Age, pay reduced National Insurance contributions.
Does my employer contribute?
Your employer pays the balance of the cost of providing your benefits in the LGPS. Every three years an independent review is undertaken to calculate how much your employer should contribute to the Scheme.
Wiltshire Pension Fund, Wiltshire Council - Bythesea Road,Trowbridge, Wiltshire, BA14 8JJ.
© 2009 Wiltshire Pension Fund.
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