15AWEmployer’s contributions

15AW Employer’s contributions

15AW Employer’s contributions

(1) Where a servant of a general employer is a contributor, the employer shall contribute to the Pension Fund—

(a) an amount equal to one and one-half times the contributions payable by the contributor while he is a servant of the employer, and

(b) an additional amount equal to 2 per centum per annum of the contributor’s salary.

(2) Where a servant of a special employer is a contributor, the employer shall contribute to the Pension Fund at the rate of 5¼ per centum per annum (or at such other rate as the Treasurer may from time to time determine) of the contributor’s salary.

(3) The contributions of an additional amount under subsection (1) and the contributions payable under subsection (2) shall be based on the rate of salary on which the contributions of the contributor concerned are based under section 15AV.

ss 15AR–15AY: Ins 1977 No 46, Sch 1 (4).