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i) With effect from 1 April 2016 Scottish Enterprise offered a pension salary exchange scheme whereby employees were given an option to have their notional salary reduced by an amount equivalent to the member's contribution to the pension scheme and in return Scottish Enterprise's employer contribution to the scheme was increased by an equal amount. The respective contributions to the scheme noted above by the employer and by the members reflect the take up of the offer made to employees.

During the year Scottish Enterprise paid contributions equivalent to 20% of pensionable salaries.

The defined benefit obligation analysed by participant status

2026 2025

£000 £000

Active members (206,232) (205,726)

Vested deferred members (73,453) (74,144)

Retired members (243,118) (252,886)

(522,803) (532,756)

Expenditure recognised in the Statement of Comprehensive Net Expenditure