What rate is payable?
The cost of membership is between 5.5% and 12.5% of the pay you receive for the contractual hours you work. The rate you pay depends on which standard pay band you fall into.
How is my contribution rate determined?
Your contribution rate is decided by your employer and depends on your actual pay. This may be based on your contractual pay only, or may be based on the previous years' pay, including any pensionable extras (such as overtime or additional hours).
If you have no contractual hours (a variable time or casual contract), your contribution rate may be determined using a previous years' pay or, if you are a new employee, the hours worked by the previous post holder.
Your contribution rate, and how frequently it should be reviewed is determined by your employer.
The real cost of membership to you is usually even less because pension contributions attract tax relief.
The salary bands are uprated each April in line with the cost of living by the Ministry for Housing, Communities and Local Government (MHCLG).
NB As there was no cost of living increase in April 2016, the 01/04/2015 rates remain current from 01/04/2016
From 1 April 2008, the cost of membership was between 5.5% and 7.5% of the pay you received for the contractual hours you worked. The contribution rate was based on the whole time pay rate for the job, even if a member was part time.