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Statutory Rules of Northern Ireland |
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You are here: BAILII >> Databases >> Statutory Rules of Northern Ireland >> The Teachers' Superannuation (Amendment) Regulations (Northern Ireland) 2012 No. 126 URL: http://www.bailii.org/nie/legis/num_reg/2012/nisr_2012126_en_1.html |
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Statutory Rules of Northern Ireland
Education
Made
16th March 2012
Coming into operation
1st April 2012
The Department of Education makes the following Regulations in exercise of the powers conferred by Articles 11(1)(1), (2), (3), (3A)(2) and paragraphs 1, 3, 4, 5, 6, 8, 11 and 13 of Schedule 3 to the Superannuation (Northern Ireland) Order 1972(3).
In accordance with Article 11(5) of that Order consultation has taken place with representatives of local education authorities and of teachers and with representatives of other persons likely to be affected.
In accordance with Article 11(1) of that Order these Regulations are made with the consent of the Department of Finance and Personnel(4).
1. These Regulations may be cited as the Teachers' Superannuation (Amendment) Regulations (Northern Ireland) 2012 and shall come into operation on 1st April 2012.
2. The Teachers' Superannuation Regulations (Northern Ireland) 1998 (5) are amended in accordance with regulation 3.
3.-(1) Regulation C2 is amended as provided by paragraph (2).
(2) For paragraph (2) substitute-
"(2) (a) A person who is in pensionable employment is to pay contributions of-
(i)before 1st April 2012, 6.4% of his contributable salary; and
(ii)from 1st April 2012, for each month during which he is in pensionable employment, the percentage rate set out in the table which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate.
| Full-time equivalent contributable salary band (£) | Contribution Rate |
|---|---|
| Below 15,000 | 6.4% |
| 15,000 to 25,999 | 7.0% |
| 26,000 to 31,999 | 7.3% |
| 32,000 to 39,999 | 7.6% |
| 40,000 to 74,999 | 8.0% |
| 75,000 to 111,999 | 8.4% |
| 112,000 and above | 8.8%" |
Sealed with the Official Seal of the Department of Education on 16 March 2012
La'Verne Montgomery
A senior officer of the
Department of Education
The Department of Finance and Personnel hereby consents to the foregoing Regulations
Sealed with the Official Seal of the Department of Finance and Personnel on 16 March 2012
John McKibbin
A senior officer of the
Department of Finance and Personnel
(This note is not part of the Regulations)
These Regulations amend the Teachers' Superannuation Regulations (Northern Ireland) 1998 to increase the percentage of their salary which employees earning more that £15,000 per annum must contribute to the pension scheme from 1st April 2012.
As amended by S.I. 1990/1509 (N.I. 13) Article 13(1)
As amended by S.I 1990/1509 (N.I. 13) Article 6(1)
Formerly Department of Finance: see S.I. 1982/338 (N.I. 6) Article 3
S.R. 1998 No.333, as amended by S.R. 2001, No. 149, S.R. 2003 No. 147, S.R. 2005 No. 181, S.R. 2005 No. 495, S.R. 2006 No. 163, S.R. 2006 No. 366, S.R. 2007 No. 137, S.R. 2008 No. 50 and S.R. 2010 No. 136
