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Thinking of Joining

Does my Employer Pay?

Your employer pays the balance of the cost of providing your benefits. Every three years an independent review, known as a valuation, is undertaken to calculate how much your employer should contribute to the Scheme. The amount that your employer has to contribute is outlined in a Rates & Adjustment Certificate (see below) that forms part of the formal valuation of the Pension Fund. The date of the last valuation was 31 March 2016 with employer contribution rates set for the period 1 April 2017 to 31 March 2020.

The current employer contribution rates are shown in the Rates and Adjustment Certificate (pages 20-28) contained within the Berkshire Pension Fund Valuation Report 2016.

Please Note: The pension you build up within the LGPS is not based on employee or employer contributions. It is based on a specific formula which is applied to the amount of pensionable pay you build up during your membership of the scheme.

To find out more please visit the "How is my pension worked out?" section of the website.

 

Berkshire Pension Fund

Royal County of Berkshire Pension Fund, Minster Court, 22-30 York Road, Maidenhead, Berkshire SL6 1SF. Tel: 0845 602 7237

Or for further information, please use our online form.