To assist you with your payroll processes, a list of future service rates (FSR) and deficit recovery / surplus figures for the 2025-2026 financial year are now available.
Find your employer contribution rate for 2025-2026
Employers must ensure that the correct rates are applied and that deficit payments are made as required. Please check the valuation report issued by the Actuarial Team for confirmation. If you have outsourced, your payroll, please ensure that you pass this information on to the appropriate contacts.
Please note all deficits must be paid according to the valuation report i.e. any advance deficit payments should be sent to the Fund by 30 April. If you wish to settle your deficit early and require the discounted value, please contact us so that we may provide you with this information prior to the payment deadline.
For employers electing to process a monthly deficit or redeem surplus, the contribution rates table includes a 1/12th equivalent value. Please see our guidance on how to offset your surplus.
We kindly remind all employers to submit their monthly i-Connect submission at least three days before the payment date to ensure timely processing.
For any questions, please contact: pensions_contributions@bathnes.gov.uk