Restricted to staff who were members before the merger with Northern College.

Scheme Information

Employers Contributions 21.5% as from 1 April 2009
Scheme Retirement Age 65

The maximum service is 40 years by age 65.

Retirement

Normal Retirement age 65  
Early Retirement 50 at the University's request (redundancy or management interests)
Rising to 55 years from April 2010

Contributions 

As from 1st April 2009 member contributions to the Strathclyde Pension Scheme have changed and will no longer be levied on a flat rate basis (e.g. 5% or 6% of pensionable salary), but will instead be calculated according the the level of a member's full time equivalent pensionable pay.

This new pensions arrangement means that contribution rates are applied in tiers ranging from 5.5% to 12% (see Table 1) depending on the member's rate of pensionable pay on 31st March 2009. For example, members will pay 5.55 on the first £18,000 of pay, 7.25% on the pay from £18,000 to £22,000 and so on.

Contribution Rates Table
Table 1

Table 1 - Tiered Contribution Rates (2008/2009 pay rates)
Full Time Equivalent (FTE) Pensionable pay Rate (%)
On earnings up to and including £18,000 5.5%
On earnings above £18,000 and up to £22,000 7.25%
On earnings above £22,000 and up to £30,000 8.5%
On earnings above £30,000 and up to £40,000 9.5%
On earnings above £40,000 12%

Using these tiers, it is possible to calculate an average contribution rate for any given pensionable pay. Details of the average contribution rates used are shown in Table 2.

Contribution Rates Table 2

Contribution RateFTE Pay MinFTE Pay Max
5.5 up to 18,529
5.6 18,530 19,687
5.7 19,688 20,999
5.8 21,000 22,264
5.9 22,265 23,137
6.0 23,138 24,081
6.1 24,082 25,106
6.2 25,107 26,222
6.3 26,223 27,441
6.4 27,442 28,780
6.5 28,781 30,169
6.6 30,170 31,228
6.7 31,229 32,363
6.8 32,364 33,584
6.9 33,585 34,901
7.0 34,902 36,326
7.1 36,327 37,872
7.2 37,873 39,555
7.3 39,556 40,645
7.4 40,646 41,538
7.5 41,539 42,471
7.6 42,472 43,448
7.7 43,449 44,470
7.8 44,471 45,542
7.9 45,543 46,666
8.0 46,667 47,848
8.1 47,849 49,090
8.2 49,091 50,399
8.3 50,400 51,780
8.4 51,781 53,239
8.5 53,240 54,782
8.6 54,783 56,417
8.7 56,418 58,153
8.8 58,154 59,999
8.9 60,000 61,967
9.0 61,968 64,067
9.1 64,068 66,315
9.2 66,316 68,727
9.3 68,728 71,320
9.4 71,321 74,117
9.5 74,118 77,142
9.6 77,143 80,425
9.7 80,426 83,999
9.8 84,000 87,906
9.9 87,907 92,195
10.0 92,196 96,923
10.1 96,924 102,162  
10.2 102,163   107,999  
10.3 108,000   114,545  
10.4 114,546   121,935  
10.5 121,936   130,344  
10.6 130,345   139,999  
10.7 140,000   151,199  
10.8 151,200   157,000