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SECTION 8: THE UNITED KINGDOM ATOMIC ENERGY AUTHORITY AND ASSOCIATED EMPLOYERS SHIFT PAY PENSION SAVINGS PLAN
  

Part 3 – Contributions.
  

9. The contributions required to constitute and maintain the Fund shall be provided by the Members and by the Employers in accordance with the provisions hereinafter contained, that is to say:-
  
 

(a)

Members’ contributions.
  

    (i)

Members’ Standard Contributions.

Each Member on each date on which he receives a payment of Pensionable Shift Pay from the Employers while he remains in Plan Service shall pay a contribution to the Fund which subject to Revenue Limitations shall be equal to
  

      (a) in respect of a Member of the Combined scheme of the United Kingdom Atomic Energy Authority 5 per cent
  
      (b) in respect of a Non-Industrial Member 7.5 per cent or
  
      (c) if the member so elects 5.75, 10, 12.5 or 15 per cent of the payment. Provided that a Member’s contributions shall not be payable after whichever is the earlier of
  
        (I) the cessation of his Service in Great Britain or Northern Ireland, unless the Employers and the Authority otherwise determine; and then subject to such restrictive modifications of the Plan as they shall determine and notify to him
  
        (II) the date from which his liability to make basic contributions to the Principal Scheme terminates, provided that contributions may continue to the Plan at the rate of 1.5 per cent of the payment as defined or at the appropriate rate specified in (a) (b) or (c) above, if the Member has ceased to make contributions to the Principal Scheme having completed 40 years’ service in that scheme
  
        (III)

the date on which the Employer in whose Service the Member is, ceases to be included in the Plan; or the earlier date on which the Plan is wound-up in accordance in either case with the provisions of the Rule 41.

Provided further that the Standard Contribution will always be equal in percentage to the percentage contribution payable under the Principal Scheme.

Except that from 6 April 2006 contributions relating to shift earnings are subject to Revenue Limitations.

Any variation to the amount payable under sub-rule A(i) shall only be made at the beginning of each Plan Year.

The total contributions paid by the Member in a year of assessment to this and any Associated Scheme, shall not exceed fifteen per cent of the Member's total remuneration from the Employers for that year of assessment.

The Employers may at any time if in special circumstances such as illness or financial hardship they consider it desirable so to do consent to temporary suspension of the Member's contributions.
  

       

Any variation to the amount payable under sub-rule A(i) shall only be made at the beginning of each Plan Year.

The total contributions paid by the Member in a year of assessment to this and any Associated Scheme, shall not exceed fifteen per cent of the Member’s total remuneration from the Employers for that year of assessment.

The Employers may at any time if in special circumstances such as illness or financial hardship they consider it desirable so to do consent to temporary suspension of the Member’s contributions.
  

      (ii)

Payment of Members’ contributions.

The Members’ contributions shall be paid by the Employers to the Authority or as they shall direct at such intervals as may be required by the Authority. Until the Member’s contributions are actually received by the Authority or by other persons on behalf of the Authority they shall remain the property of the Member by whom they were paid.
  

 

(b)

Employers’ contributions.
  

   

The Employers shall in each Plan Year pay periodic contributions to the Fund in respect of each Member in Plan Service consisting of each Employer’s Retirement Benefit Contribution. Provided that if the Employers consent to temporary suspension of a Member’s contributions due under (A) (i) of this Rule they may at their discretion likewise suspend payment of the Employer’s Retirement Benefit Contribution in respect of the Member other than that part of the Employers’ Retirement Benefit Contribution required to enable the Authority to provide the Member’s Life Assurance Benefit in the relevant Plan Year.

Provided that the total contributions payable by the Employers in any Plan Year may be reduced by such amount (if any) as the Authority shall determine having regard to such moneys held by them that do not represent contributions paid pursuant to the provisions of this sub-rule.

The Employers’ contributions shall be paid by the Employers to the Authority or as they shall direct at such intervals as may be required by the Authority.
  

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