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Summary: Pension Trends Chapter 6, 2013 Edition

Released: 16 July 2013 Download PDF

Weighted-average contribution rates to private sector occupational pension schemes: by benefit structure and contributor, 2011.

United Kingdom, Percentages.

Weighted-average contribution rates to private sector occupational pension schemes: by benefit structure and contributor, 2011.
Source: Occupational Pension Scheme Survey (OPSS) - Office for National Statistics

Notes:

  1. Excludes schemes with fewer than 12 members.

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The above figure is taken from Pension Trends Chapter 6 – Private Pensions. In this figure, weighted average contribution rates, for both scheme members and employers, for occupational Defined Benefit (DB) and Defined Contribution (DC) pensions are shown. Average employer (14.2%) and member contribution rates (4.9%) were higher for DB pension schemes than for DC schemes. The average contribution rates for DC schemes were 6.6% for employers and 2.8% for employees.

Further analysis from Pension Trends Chapter 6 revealed that the overall percentage of employees having a DB pension scheme has fallen from 46% in 1997 to 28% in 2012. However, employee membership of DC schemes increased from 10% to 17% over the same period.

Source: Office for National Statistics

Background notes

  1. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

    These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

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