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North Yorkshire Pension Fund

North Yorkshire Pension Fund

North Pension Fund

Have you ever wondered how much your employer puts in to your pension pot for you? Well take a look below. The figures show the percentage of your pensionable pay that your employer contributes to the pension scheme each time that you get paid.

Employer % of Pay

Archbishop Holgate's School 14.2 13.5 Chartwells Compass 18.0 Churchill Security Solutions 22.5 City of Council 14.0 City of York Library Service 13.7 Community Leisure Ltd 16.1 College 14.6 Craven District Council 14.0 Craven Housing 19.7 Town Council 16.9 Elite 19.2 Enterprise 20.8 Town Council 16.9 Foss Internal Drainage Board 16.9 Fulford Council 16.9 Parish Council 16.9 Parish Council 16.9 Primary School 20.8 Grosvenor Facilities Management 19.2 Council 13.4 Borough Council 14.6 Harrogate Grammar School 13.8 13.6 Road Primary Academy 11.7 Haxby Town Council 16.9 Human Support Group Ltd 19.6 Hunmanby Parish Council 16.9 Interserve Facilities Management Ltd 14.9 ISS Mediclean 18.0 Jacobs (UK) Ltd 14.3 Joseph Rowntree Charitable Trust 14.0 Town Council 16.9 Malton Town Council 16.9 Manor CE School 11.5 Marston Moor Internal Drainage Board 16.9 Mellors 19.2 & Burial Board 16.9 Northallerton Town Council 16.9 Northern Care 18.0 14.1 Norton on Derwent Town Council 16.9 Pension Fund – Pension Contribution Rates

North York Moors National Park 13.5 North Yorkshire Business and Education Partnership 26.7 North Yorkshire Council 14.4 North Yorkshire Fire and Rescue Service 14.4 and Crime Commissioner 11.9 Pickering Town Council 16.9 Parish Council 17.4 Richmond Town Council 16.9 District Council 14.5 Richmondshire Leisure Trust 13.4 Ringway 23.3 City Council 16.9 Ripon College 14.4 Robert Wilkinson Academy Trust 13.7 15.7 District Council 14.4 Scarborough Borough Council 14.5 Scarborough Sixth Form College 14.1 College 14.1 Council 12.7 Selby Town Council 16.9 Sheffield International Venues 16.4 Girls High School 16.5 Skipton Town Council 14.8 Springfield Home Care Services Ltd 18.0 St Aidan’s High School 15.3 Superclean 24.5 14.7 Sutton in Craven Parish Council 16.9 Town Council 29.5 The Chief Constable NYP 11.9 The Grove Academy 13.2 The Woodlands Academy 13.7 Thomas Hinderwell Primary Academy 12.8 Thornton Internal Drainage Board 16.9 University of Hull 14.7 Veritau 12.2 Veritau North Yorkshire 15.5 Welcome to Yorkshire 16.5 Town Council 16.9 Wigan Leisure and Culture Trust 24.6 York & North Yorkshire Probation Trust 14.1 York Archaeological Trust Ltd 25.5 14.3 York Museums and Galleries Trust 13.1 York St John University 12.7 Yorkshire Coast Homes Ltd. 14.2 National Park 13.4 Yorkshire Housing Association 17.4

V4_April 14 North Yorkshire Pension Fund – Pension Contribution Rates

Almost all employers pay substantial sums into the Pension Fund and the amounts vary greatly. There are a number of reasons for this but the main ones are:

 Some employers decided to pay more money in to the Fund in previous years so they could reduce their payments later on. Some employers paid less in previous years which means their payments are now higher.

 Each employer joined the Pension Fund at a different time. Contributions are invested in financial markets (such as the Stock Exchange) but if an employer joined the Fund when investments weren’t performing very well their contributions would have to be increased in later years to compensate.

 Some employers don’t let new employees join the LGPS which usually means they have to pay much more into the Pension Fund to pay off any deficit they may have.

How does this compare to what you pay? Have a look at the table below.

Contribution Bands effective from 1 April 2014

Band Your (full time equivalent) Salary Your Contribution Rate

1 £0 - £13,500 5.5%

2 £13,501 to £21,000 5.8%

3 £21,001 to £34,000 6.5%

4 £34,001 to £43,000 6.8%

5 £43,001 to £60,000 8.5%

6 £60,001 to £85,000 9.9%

7 £85,001 to £100.000 10.5%

8 £100,001 to £150,000 11.4%

9  £150,000 12.5%

V4_April 14

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