21Contribution by employer under Part 3 of Schedule 3

21 Contribution by employer under Part 3 of Schedule 3

21 Contribution by employer under Part 3 of Schedule 3

(1) Where a contributor is employed by an employer specified in Part 3 of Schedule 3, the employer shall pay to the Fund an amount equal to the sum of—

(a) 1.7 times the contributions payable to the Fund by the contributor while employed by the employer, and

(b) 1 per cent of the salary of the contributor on which those contributions are based.

(2) Contributions under subsection (1) shall be calculated on a monthly basis and the contributions payable in respect of a month shall be paid to the Board within 7 days after the last day of the month to which they relate.