Normal contributions are based on a percentage of your pensionable salary – which means your basic annual Gibraltar salary, excluding overtime and bonuses.. Please see the Member Booklet for the contribution rates that apply to you.
Your contributions will be deducted from your salary each month and will be paid into the scheme along with your employer contributions. The Trustees will then invest the contributions into your Pension Account.
Contributions will be adjusted in line with changes in your pensionable salary during the scheme year as defined in the Member Booklet.
Cessation of contributions
Contributions stop at the normal retirement date as defined in the Member Booklet, or if you retire or leave employment earlier than this date.