BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
Statutory Rules of Northern Ireland |
||
|
You are here: BAILII >> Databases >> Statutory Rules of Northern Ireland >> The Teachers' Superannuation (Amendment) (No. 2) Regulations (Northern Ireland) 2014 No. 70 URL: http://www.bailii.org/nie/legis/num_reg/2014/nisr_201470_en_1.html |
||
[New search] [Printable PDF version] [Help]
Statutory Rules of Northern Ireland
Education
Made
5th March 2014
Coming into operation
1st April 2014
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) (No. 2) Regulations (Northern Ireland) 2014 and shall come into operation on 1st April 2014.
2. The Teachers' Superannuation Regulations (Northern Ireland) 1998 (5) are amended in accordance with regulations 3 and 4.
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 to 31st March 2013 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table A which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate;
(iii)from 1st April 2013 to 31st March 2014 (both dates inclusive), for each month during which he is in pensionable employment, the percentage rate set out in table B which is applicable to his contributable salary rate for that month or, if part-time, the full-time equivalent contributable salary rate.
(iv)on or after 1st April 2014, for each month during which he is in pensionable employment, the percentage rate set out in table C 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% |
| 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 | 7.9% |
| 32,000 to 39,999 | 8.8% |
| 40,000 to 44,999 | 9.2% |
| 45,000 to 74,999 | 10.1% |
| 75,000 to 99,999 | 10.6% |
| 100,000 and above | 11.2% |
| Full-time equivalent contributable salary band (£) | Contribution Rate |
|---|---|
| Below 15,000 | 6.4% |
| 15,000 to 25,999 | 7.2% |
| 26,000 to 31,999 | 8.3% |
| 32,000 to 39,999 | 9.5% |
| 40,000 to 44,999 | 9.9% |
| 45,000 to 74,999 | 11% |
| 75,000 to 99,999 | 11.6% |
| 100,000 and above | 12.4%" |
4. The Teachers' Superannuation (Amendment) Regulations (Northern Ireland) 2013 are revoked.
Sealed with the Official Seal of the Department of Education on 5 March 2014
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 5 March 2014
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 prescribe the percentage of their salary which employees must contribute to the pension scheme from 1st April 2014.
The Regulations revoke and re-enact the Teachers' Superannuation (Amendment) Regulations (Northern Ireland) 2013.
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, relevant amendments are S.R. 2007 No. 137 and S.R. 2013 No. 54
