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Nilgosc


Employer Contribution Rates

Your employer pays the balance of the cost of providing your benefits in the Scheme – this is normally a percentage of your pensionable pay.  Every three years an independent review is undertaken to calculate how much each employer should contribute.  The majority of employers contribute a percentage contribution rate plus deficit recovery contributions.  The percentage contribution rates for the following three years are:

 Year

Contribution Rate

2020/21
19.5%
2021/22  19.5%* 
2022/23  19.5%* 

*The employer contribution rates for 2021/22 and 2022/23 remain under review due to the possible impact of the Covid-19 crisis. These may need to be increased at a later date.