How is a member’s risk management standard used to adjust the basic contribution?
As mentioned previously, members can qualify for Risk Management Discounts (RMDs) by attaining certain standards. There are three levels of discount: Level 1 which provides a 10% reduction, Level 2 which provides a 20% reduction and Level 3 which provides a 30% reduction. The RMDs are assessed separately for general and maternity care. The general RMD will apply to CNST excluding maternity, LTPS and PES contributions. The CNST maternity standards are assessed separately and the level of discount will apply to the maternity element of CNST contributions only. The RMDs will apply whilst the standards are maintained so any investment in achieving these standards could be repaid many times over through savings in contributions.
