Contributions

Members of the Magnox Group of the Electricity Supply Pension Scheme (the Magnox Scheme) are required to pay 6% of pensionable salary as a contribution towards the cost of their benefits.

Most members of the Site Licence Company and Cavendish Nuclear sections of the Magnox Scheme have been included in a salary sacrifice arrangement, under which the 6% contribution is paid by the employer, with a corresponding reduction made to salary. This does not apply to members of the Atkins or National Nuclear Laboratories sections.