(1)  The contributions payable by, or on behalf of, a contributor who is not an amalgamated contributor and who was making contributions immediately before the commencement day are to be at the rate of those contributions, unless he or she elects to contribute at another rate under regulation 33 .

(2)  The contributions payable by an amalgamated contributor are, at all times, to be made at the basic contribution rate applicable to him or her.

(3)  The contributions payable by a person who becomes a contributor under these regulations are to comprise 5% of salary unless he or she elects to contribute at a higher rate under regulation 33 .

(4)  Where an amount calculated in accordance with this regulation includes a fraction of a cent –

(a) if the fraction is 0.5 cents or more, that amount is to be increased to the next highest whole number of cents; or

(b) if the fraction is less than 0.5 cents, that amount is to be reduced to the next lowest whole number of cents.