Contributions are paid on a monthly basis by both the employer and the employee.
The Ministers’ Section
Member's contribution - 8% of pensionable income, (which in the case of a church minister will usually include an element for the notional value of a manse) all of which is credited to the member's pension account.
Employer's contribution - 10% of pensionable income. From this, 6% is credited to the member's pension account and the remaining 4% pays for:
Insuring the lump sum death benefit
Insuring the income protection benefit
Administration costs
The Staff Section
Member's contribution - 8% of pensionable income, all of which is credited to the member's pension account.
Employer's contribution - 10% of pensionable income. From this, 6% is credited to the member's pension account and the remaining 4% pays for:
Insuring the lump sum death benefit
Insuring the income protection benefit
Administration costs
The Basic Section
Member's contribution - 5% of pensionable income, all of which is credited to the member's pension account.
Employer's contribution - 5% of pensionable income. From this, 4% is credited to the members pension account and the remaining 1% pays for:
Insuring the lump sum death benefit
Administration costs
Summary
| Section | Employer Contribution | Employer Contribution (if no responsibility for the DB Plan deficit funding) | Member Contribution |
| Minister's Section | 10% | 10% | 8% |
| Staff Section | 10% | 10% | 8% |
| Basic Section | 5% | 5% | 5% |