Firefighters 2015 scheme - Active
How much do I pay in pension contributions?
As a member of FPS 2015 a percentage of your pensionable pay or assumed pensionable pay is normally deducted directly from your pay unless another method of payment has been agreed with the authority.
Contribution rates 1st April 2020 to 31st March 2021
|Pensionable pay range for an employment||Contribution rate 1st April 2020 to 31st March 2021|
|Up to £27,270||10.0%|
|£27,271 to £50,500||12.5%|
|£50,501 to £142,500||13.5%|
|£142,501 or more||14.5%|
The pensionable pay shown, in the case of part-time regular firefighters and retained and volunteer firefighters, is that for a whole-time regular firefighter of equivalent role and length of service. It doesn’t take into account certain reductions in pay, for example during sick leave, or leave of absence.
Your contribution rate is set when you start your membership and then at the start of each subsequent financial year (1 April).
If your employment changes during a scheme year or there’s a material change that affects your pensionable pay so that it falls into a different contribution band, your authority will tell you what your new contribution rate is and when it will take effect.
Employer contributions as determined by the scheme actuary and the secretary of state are paid by the authority, together with any additional costs that have to be borne by the employer, for example relating to ill-health retirement or employer initiated early retirement.