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Private sector defined benefit occupational pension schemes contribution UK 2004-2013

This timeline depicts the weighted-average contribution rates for private sector defined benefit (DB) occupational pension schemes in the United Kingdom (UK) from 2004 to 2013, by contributor. The average contribution rates rose over time up until 2009, reaching 16.5 percent in that year from the employer's side.

Average contribution rates to private sector occupational pension in defined benefit schemes in the United Kingdom (UK) from 2004 to 2013, by contributor

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Source

Release date

November 2014

Region

United Kingdom

Survey time period

2004 to 2013*

Supplementary notes

*The reference date for 2013 is April.
In defined benefit pension scheme the employer promises a specified monthly benefit calculated by a formula based on variables, such as employee's earnings history.

The source adds the following information: "Changes to methodology for 2006 onwards mean that comparisons with 2005 and earlier should be treated with caution.It may be that schemes increase their regular contribution rates in order to minimise deficits or the risk of falling into deficit."

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