Deficit Contributions from 1 April 2012
The basis adopted to calculate the contributions required towards the deficit identified at the 2009 triennial valuation was based on a percentage of each organisations pensionable salary roll as at 30 September 2009. This will increase each April by 4.5% until the end of the payment collection period on 30 September 2024.
Your organisation should have received a letter from us dated 15 December 2011, confirming the increased contributions payable from April 2012. Please ensure that your April 2012 contribution submission is increased accordingly. If the increase is not applied to these contributions The Pensions Trust will be unable to process the contributions and these may be returned to your organisation.