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
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