The Railways Pension Scheme Order 1994

Normal Contributions by Members

3B  A Member in Pensionable Service shall contribute for each Monday that he is a Member at the rate of 5% of the weekly equivalent of the Member’s Section Pay (or 2.5% of the Member’s Pensionable Pay if greater). But the Designated Employer and the Trustee can agree that a different contribution rate is appropriate subject to the Actuary’s confirmation that the revised rates are sufficient to secure the solvency of the Section.

If the Member is a Part–time Employee he shall contribute at the appropriate rate multiplied by the proportion which the number of hours per week that the Member is contracted to work on that Monday bears to the standard number of hours per week worked by a full–time Employee in his category of employment. If the Member is a Part–time Employee who is contracted to work a different number of hours in alternate weeks then the number of hours per week shall be averaged for the purpose of calculating his contributions.

If a Member’s contributions due under this Rule 3B have been outstanding for a period of time considered by the Trustee to be excessive then the Trustee may treat that Member as having opted out under Rule 16 (Opting Out) with effect from a date fixed by the Trustee.

A Member is not required to contribute if he has 40 years' Pensionable Service.